Green Thursday
Credit Card Blues: After the Black Friday and Cyber Monday Now that the dust has settled on the Black Friday stakeouts and the Cyber Monday midnight snacks, it's time to take stock of our credit card situation! If, like most of us, you've put your purchases on your credit cards, this is a great opportunity to review their interest rates, and decide upon a strategy to pay them off. After all, there's no point in saving on a great Black Friday deal, if you're going to have to lose it all to interest! There are 2 major ways to think about, when working on paying down your cards: The SNOWBALL method, and the WATERFALL (or AVALANCE) method. In the SNOWBALL method, you tackle the card with the smallest balance first . You make the maximum possible payments into that card, while making the minimum required payments into the other cards each month. Once the smallest debt is paid off, you tackle the next one in the same way, and so on. This way, you get the satisfaction