Today is the day you pay off the remaining balance on your credit card.
Because of a little (or not so little) thing called residual interest.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
What Is Residual Interest?
Read the fine print in your credit card statement (fun, right?
Lets say youve been paying down your credit card balance for a few months.
Did you know?
After all, its a lot easier to deal with overpayment than paying for another month of accruing interest.
At that point, you may commence your debt-free happy dance.
Tiffany Wendeln Connors is a staff writer/editor at The Penny Hoarder.
Readher bio and other work here, then catch her on Twitter @TiffanyWendeln.
When you log into your bank account, how do your savings look?
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
