Pay off your debts. It’s important to understand the difference between “good” debt and “bad” debt. Credit card debt is “bad” debt and should be paid off as soon as possible. To pay off your credit card debts, start by making additional payments to the debt with the highest interest rate. Once that is completely paid off, move on to the one with the next highest interest rate.
graphic by Grace Niu
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. This post was contributed by Brittney Castro, CFP® professional and creator of www.FinanciallyWiseWomen.com. Brittney Castro is not affiliated with TheEveryGirl.com. Brittney A. Castro is a registered representative with and securities offered through LPL Financial, Member FINRA/SIPC. California Insurance License #0F33895