Savvy Saver 05/01/19: Consolidate Your Debt To Save
Budget Tip Of The Week: Consolidate debt onto one balance transfer credit card and save money every month.
Balance transfer credit cards allow you to consolidate your credit card debt from multiple cards onto one card so you pay less money in interest per month. They often offer zero percent interest rates for the first year or so, no annual fee and the perks of cash back, points or miles. [Swirled]
Definition Of The Week: Principal
The original amount of an investment or loan before any interest is added. It can grow or shrink, depending on the market and your situation. If you’re looking to pay down a principal amount of debt, try paying a little extra toward the principal after making your usual monthly payment. [Swirled]
Digit Of The Week: 33%
The number of millennials who have shared their salary with a coworker, according to a 2018 Bankrate.com survey. While talking about money used to be taboo, millennials are showing they aren’t scared to spill this secret anymore.
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