Personal Finance Tip #5: Pay Off Consumer Debt
June 20, 2008 by Miranda Marquit
Filed under B5 Media Business Channel, Credit, Debt Management, Family finances, Money advice, Personal Finance
This tip is a biggie: Pay off consumer debt. (Especially credit cards.)
Debt costs you money. Sometimes thousands of dollars. The interest charges don’t bring you anything tangible — or even tangible — in terms of benefits. All interest from debt represents is money you pay to get someone else rich. My guest post on My Dollar Plan offers a way to plan your way out of debt.
image credit: sxc.hu
This post is part of the b5media Business Channel Great Blog Off! Find out more about the Blog Off here: http://www.b5media.com/b5media
The Business Channel is supporting Accion International for the Great Blog Off. You can make a donation directly to Accion (http://www.accion.org/b5media). Donations are tax deductible.
