Wednesday, February 10, 2010

Great Ways to Save Money-Credit Cards


It's important to use credit cards carefully. They can be very convenient, but also very dangerous if used unwisely. It's usually best to use them only when you really need to.


Did you know that if you have a credit card that has a $1,000 balance and you pay only the minimum payment each month, it may take 20 and 30 years to pay off that $1,000 balance. This is because most of the payment is going strictly toward the
interest and not the principal? This is another reason to be careful with credit cards.

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