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Here is a very simple principle that can be put in to practice quickly and easily, and almost anyone can do it.
Each week day, simply put aside $2, and at the end of each week, put this $10 against the debt that has the highest interest rate (usually your credit card or store card). At this rate, you’ll be paying an extra $520 per year against this debt on top of your regular repayments. Even better, you’ll have saved an additional $63.83 in interest.
If you don’t have $2 per day to put aside, take a look at your daily spending habits and maybe go without a newspaper or coffee each day.
Making a commitment to this simple plan will set you up for long term success as the saving will become habitual. Once you have mastered the $2 per day principle, move on to $3 per day for the next year!
New Jersey mortgage
It’s hard to find knowledgeable people on this topic, but you sound like you know what you’re talking about! Thanks
getting through a break up
Although portugese is my first language I enjoy reading your words.