Suze Orman's 5-Step Financial Action Plan
Step 1: Pay Off Your Credit Card Debt
Suze says the number one thing people lie about is now much credit card debt they have. But what you don't want to know can hurt you, so it's important to dig yourself out of debt for good. Just follow these three steps.
1. Line up your credit cards from the highest interest rates to the lowest.
2. Pay the minimum on every single card to stay current.
3. When the card with the highest interest rate is paid off, put the the amount you had been paying on it toward the next card in line. Keep repeating this process until each credit card has been paid off.
Use Suze Orman's Debt Eliminator calculator to get your own personalized plan!
2. Pay the minimum on every single card to stay current.
3. When the card with the highest interest rate is paid off, put the the amount you had been paying on it toward the next card in line. Keep repeating this process until each credit card has been paid off.
Use Suze Orman's Debt Eliminator calculator to get your own personalized plan!
From The Oprah Winfrey Show Best Life Week: Your Money Plan 2009
Published on January 15, 2009
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