While monthly interest costs is a simple calculation it is nice to know what your debt is costing each month. What if I paid an extra $1,000 on my credit card? How much would that increase my net monthly income?
While $10 a month doesn’t sound like much savings it all adds up quick. If you have $10,000 in credit card debt you’d be paying $100 a month just in interest fees. Fighting to get back $10 a month in residual income is well worth it. Continue reading →