http://www.creditinfocenter.com/wordpress/2009/09/17/pay-off-high-interest-rate-credit-cards-with-savings/ For the Up To Date News Tue, 07 Feb 2012 22:26:40 +0000 hourly 1 http://wordpress.org/?v= http://www.creditinfocenter.com/wordpress/2009/09/17/pay-off-high-interest-rate-credit-cards-with-savings/comment-page-1/#comment-8206 Frenk Stayl Thu, 23 Dec 2010 19:31:59 +0000 http://www.creditinfocenter.com/wordpress/?p=3889#comment-8206 However, in this environment, keeping cash on hand has become more crucial as staying employed is more of a challenge in almost every field. Therefore, like everything else these days, it is important to look at the overall situation to determine how to deploy cash.<a>High Interest Savings</a> However, in this environment, keeping cash on hand has become more crucial as staying employed is more of a challenge in almost every field. Therefore, like everything else these days, it is important to look at the overall situation to determine how to deploy cash.High Interest Savings

]]> http://www.creditinfocenter.com/wordpress/2009/09/17/pay-off-high-interest-rate-credit-cards-with-savings/comment-page-1/#comment-2799 Nancy Tossell Fri, 18 Sep 2009 15:52:36 +0000 http://www.creditinfocenter.com/wordpress/?p=3889#comment-2799 I have always felt that paying the minimum on credit cards is like throwing money in a waste basket, and still feel that way. However, in this environment, keeping cash on hand has become more crucial as staying employed is more of a challenge in almost every field. Therefore, like everything else these days, it is important to look at the overall situation to determine how to deploy cash. Certainly paying down credit card debt saves money in the long run so one should look at each account, note the interest rate, and work on the highest interest rate cards first. Once paid off, these are the cards that should only be used once in awhile for small items and paid completely to maintain credit history. Of course, this takes discipline but having control over ones finances requires a conscious effort and should be an on-going process. I have always felt that paying the minimum on credit cards is like throwing money in a waste basket, and still feel that way. However, in this environment, keeping cash on hand has become more crucial as staying employed is more of a challenge in almost every field. Therefore, like everything else these days, it is important to look at the overall situation to determine how to deploy cash. Certainly paying down credit card debt saves money in the long run so one should look at each account, note the interest rate, and work on the highest interest rate cards first. Once paid off, these are the cards that should only be used once in awhile for small items and paid completely to maintain credit history. Of course, this takes discipline but having control over ones finances requires a conscious effort and should be an on-going process.

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