Personal Finance Tip #5: Pay Off Consumer Debt
This tip is a biggie: Pay off consumer debt. (Especially credit cards.)
Debt costs you money. Sometimes thousands of dollars. The interest charges don’t bring you anything tangible — or even tangible — in terms of benefits. All interest from debt represents is money you pay to get someone else rich. My guest post on My Dollar Plan offers a way to plan your way out of debt.
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Tags: consumer debt, get-out-of-debt, pay off debt, personal finance tip, personal-finances, yielding wealthRelated Stories
POSTED IN: B5 Media Business Channel, Credit, Debt Management, Family finances, Money advice, Personal Finance
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