Today is Blue Monday!
I don't take this day so literally, and make it a reflection of how good finances can be managed.
If you don't know the history of Blue Monday, usually it's the day your credit card statement(s) come in from the holidays π²... and yes all those cards are mine.
It seems like a lot but it organizes my finances, personal and business, and each card has a purpose. π³
Some tips for credit card debt:
1. Pay off loans with smaller balances first
#SmallWin
2. Pay off higher interest loans, so you aren't paying more in the long run
3. Consolidate loans - transfer high interest credit card debt to a line of credit.
4. Budget, ideally you have the funds to pay off your credit card every month.
5. Stick to your financial plan- payments and savings
Our best advice is to reach out to a good financial advisor. π°
Now look at that, we just turned Blue Monday into a Happy Monday!βοΈ
#bluemonday #creditcarddebt #finances #mqaccounting #personalfinances #budgeting #money #management #accounting #cashflow