When I was in college, there was no shortage of credit card representatives on campus, encouraging students to open a line of credit to build or improve on their credit scores. To entice us even further, every company offered a “free gift” when we signed up (and what college kid doesn’t love free things?). It seemed like a good enough idea at the time, so I opened my first account with little knowledge of how credit cards worked. This was mistake #1, and it led to plenty more until I realized how I should be using it, and how to manage my debt.
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Making Money From The Credit Card Companies
Wait, did you read that right? I can make money from the credit card companies?
Yep. Once you have paid off your debt, and built your emergency fund, it’s time to learn one of the tricks for making more free money, and that is through credit cards.
Should I Put Money Into Savings or Pay Off Credit Cards?
So the new year has started, and you want to get your finances together. A question I get often is, should I build some savings first, or pay off my credit cards first.
