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Tag: Saving

Save The Money Or Pay Off The Debt?

If you come into some extra money – a year-end bonus at work, an inheritance from your aunt, or you finally sold your rare coin collection for a tidy sum – you might not be quite sure what to do with the extra cash. On one hand you may have some debt you would like to knock out, or you might feel like you should...

The Effects Of Closing A Credit Card

Americans owe over $900 billion in credit card debt (El Issa, 2019), and credit card interest rates are on the rise – now over 15 percent (Commercial bank interest rate on credit card plans, accounts assessed interest, 2020). So, if you are on a mission to reduce or eliminate your credit card debt (go you!), you may be thinking you should close out your credit...