Well, it’s tax time again and you know what that means? Time to gather all of your 2017 wage and expense information, sit down with the numbers, and file that tax return. Of course, if you’re like most people, when you gather those receipts, you’ll also review your checkbook, bank statements, and even your credit card bills looking for every single deduction. And while you’re looking at all of the ways that you’ve spent money over the past year, you may want to take a little time to think about all of the ways that you might save money this year.
How many credit card statements did you have to review? How high are the balances? What’s the interest rate on each card? And even more importantly, how much could you save if you were able to pay off all those credit cards and make one single, low interest payment each month? Would you save hundreds or even thousands of dollars? How much sooner would you be able to pay off one bill if you had a lower interest rate and if that bill was the only loan that you had to pay each month?