8 Steps To Improve Your Finances in One Year
8 Steps To Improve Your Finances in One Year
Feb 1, 2023 By Jordan Rosenfeld
Financial security is at the top of many people’s wish list. Whether you’re in a job that doesn’t pay what you deserve, you’ve got too much debt or your spending habits outreach your income — this next year can be the one where you finally improve your money situation.
Follow these expert tips to make it happen:
Take Control of Credit Card Debt With a Balance Transfer
Paying down debt should be a top priority for anyone trying to improve their finances in a year’s time. One strategy is to move your existing credit card balance over to new card that offers a very low interest rate. While the amount you owe won’t change, you’ll save money on interest payments, allowing you to pay down your balance more easily.
When choosing a credit card for a balance transfer, you’re looking for two key characteristics: a very low introductory rate and low balance transfer fees.
One card that fits the bill is Navy Federal Credit Union’s Platinum Credit Card. With a low intro APR for 12 months on balance transfers made in the first 60 days, the Platinum Credit Card is designed to help you pay off your credit card balance faster.
After the introductory period ends, the Platinum Credit Card still offers a low variable APR for balance transfers. That rate also applies to new purchases, so this card is ideal for any larger purchases you may have planned.
Prioritize Your Car Loan
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