Friday, May 1, 2009

Cut up the card

Great news

"The growth in outstanding credit card balances has shrunk to its lowest level since records began, indicating that tougher economic times may be teaching Kiwis to live within their means."

Obviously there is a lot more too it, but during tough economic times it makes sense to reduce debt as soon and as much as possible. Credit cards eat money and they eat it at 20% interest!

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