If you pay off your credit cards in full each month, classify the expenses according to what you buy — groceries under needs, for example. However, if you maintain a balance and accrue interest and fees, list payments beyond the minimum under “debt repayment”. Build your budget Create a...
When you consolidate debts, you only need to remember and plan for one monthly repayment. This can elevate your state of mind because you’re not funnelling out every dollar you make, every pay cycle… or constantly thinking about it. But debt consolidation isn’t without pitfalls. You need ...