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Thursday, May 22, 2008

About Credit / Debt Management: Did You Know Minimum Payments Cost More?

About.com   Credit / Debt Management
In the Spotlight | More Topics |
  from LaToya Irby
When you get your credit card statement each month, no doubt you look for the box labeled "minimum payment" to decide how much you're going to pay. If you're paying that minimum month after month, it's costing you more.

 
In the Spotlight
How Much is the Minimum Costing You?
Paying just the minimum means you pay more money in interest cost. Do you know much much interest you'll end up paying on your credit card balances?

 
         More Topics
5 Reasons to Pay More than the Minimum
Of course, the minimum payment is a lot easier to make. Paying that low amount gives you more money to spend on other things, so why pay more?

 
5 Principles of Making Credit Card Payments
When you have extra money to spend and multiple credit cards, how do you which card(s) you should spend the extra money on?

 
 
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