I was just reading about strategies to reduce debt, and happened upon the idea of making bi-monthly (in the sense of twice a month) payments to credit card companies. I don't quite understand how this helps more than paying them on timeNot sure how this works w/ credit cards, did it say to make the full payment twice a month or half payment twice a month? With mortgages, a bi-monthly payment consists of making a half payment every two weeks. The reason this helps w/ the interest is that you end up making 13 payments in a year. Perhaps this is the idea behind the credit card as well.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M