Have you started working on your taxes yet? Perhaps you’ve already filed your taxes? Maybe not? Whatever your tax situation, one thing’s for certain. Tax time is a great time to study your expenses and make changes to your financial future! I mean, let’s be honest. You’ve gotten that W-2, those 1099’s, and figured out your income, so you know what’s coming in! You’re already going through your receipts for the past year, so you know where your money’s going!
Now all you have to do is sit down and look at where you can save even a little bit of money. One of the first places to look is really easy – look at your credit cards and the interest you’re paying! Did the balances go up? Has the interest rate changed? What can you do to cut that monthly interest charge?
Maybe it’s time to look at other credit cards! If your credit score has changed, you might be able to get a new card, with a lower interest rate or even an introductory balance transfer offer! Then you simply transfer the balance to the new card! Instant savings and most likely, your payment will be lower, but why not keep paying the same amount? Not only will you pay the card off sooner, but you’ll save even more money on interest!
Another option that you might want to consider is a personal loan. Why not just combine all those credit card bills into one lower monthly payment? Applying for a personal loan is as easy as 1-2-3. And the best part? It can all be done online. No more visits to your bank to meet with the loan officers! Just fill out the application. Answer any questions the lender might have. Then once your application is approved, the money will be deposited right into your bank account. Easy.
So, go ahead. What are you waiting for? Start saving money today!