Savings Day – No Debt Christmas – No Interest
Eliminate interest payments to save more.
At the end of October, credit card interest rates were around 16%. Now, that’s crazy. One way to build savings is to stop paying credit card interest each month. How? You start paying off your cards in full. Every month. You think that’s impossible? Just pick a method and faithfully pay off debt as soon as you can.
Debt not only holds us back from living as faithful stewards but costs a lot of money. With interest, you pay much more than an item or experience was worth in the first place. Strive to give yourself a no-debt Christmas. It may mean fewer presents, but saving 16% can jump-start your journey to financial freedom.
For practical help with your money, download our Money Map at crown.org.