You can sort your bills by the highest balances OR you can sort by the highest interest rate and decide for yourself based on how much you can pay at a time, what is the best way for you to approach your credit card debt repayments. The highest interest first may be the best way to start unless the highest interest card is the lowest balance you have. Look over each bill statement and try to figure how much a month in charges it will accrue.
Once your credit card bills have been sorted you should list them in order of importance of who should get paid first. ALWAYS make the minimum payment on all the bills and apply extra money to the one that is first on the list and then work your way down on your list. You should try not to deviate from the financial plan that you have scheduled for yourself.
You can also cut back on some things that you typically spend on until you pay off all your holiday debt. Some things that you can cut back on are as follows:
As you sit and look back on your total spending for the holidays, maybe you should consider how much better you would feel without that extra financial burden. Start creating a holiday budget plan for next year. Each week put a little away so by the time the holiday season comes around again you will have your gift shopping money and hopefully will not have to use your credit cards again.
And remember, it's the thoughtfulness behind the gift that counts, not the amount of money that you spend on the gifts.
Some Financial New Year's Resolutions:
Together, technology and the connective power of the internet are making drastic changes in what a typical work setting looks like today, and many companies are beginning to rely more upon a remote workforce. In fact, according to Global Workplace Analytics, “regular work-at-home, among the non-self-employed population, has grown by 105% since 2005.” more
You may think your business phone system is functional, but is it fully modern? In recent years, telecommunications technology has made major strides. A system that was perfectly serviceable ten years ago—or even five years ago—is now very out-of-date. more
Among all of the business software applications necessary for business operations, ERP is undoubtedly one of the most important. Making the wrong selection can have a disastrous impact on your accounting, manufacturing, and supply chain. With so much at stake, it is crucial to make a well-informed decision. more
Did you know that, according to Forbes, 86 percent of customers will pay more for a better customer experience? Customer satisfaction is always a worthy business pursuit, but to identify customer preferences and exceed expectations, you must keep pace with innovations in the technology your customers are using. more
This whitepaper describes why the shift from a traditional to a social intranet is imperative to staying competitive, and analyzes the costs and benefits associated with implementing one. You will also find useful KPIs to measure performance and further leverage your intranet's success, raising employee engagement and boosting your competitive advantage. more