As the end of the year approaches, one of the smartest things that you can do for yourself is to start planning your budget for 2019…
How much money do you have to work with? Where did you overspend this year? Where can you save money next year?
That said, one of the easiest places to look for savings is at your monthly expenditures. Once you’ve taken care of housing, transportation, and basic necessities, how much are you spending on monthly credit card bills? How much is the interest on those credit cards? And how long will it take you to pay them off if you’re only making the minimum payments?
If you don’t like your answers to any of these questions, you might want to look into a personal loan. With a personal loan, you can easily consolidate all those monthly credit card payments into one, typically lower payment each month. And since interest rates on personal loans are usually lower than the interest on those credit cards, you’ll be able to pay the personal loan off much sooner than the credit card bills.
So, would your monthly budget benefit from a personal loan? Take a look and see for yourself: