Anyone else like to save money?
I sure do! I cut coupons and use Groupon and Living Social for restaurant and entertainment savings. I even shop at thrift stores, discount grocery stores and the dollar store whenever possible.
My desire to save money prompted me to sign up for daily emails from Dollar Stretcher Tips. Almost every day, I learn unique tips for saving money on everything from groceries to home improvements.
In today’s email, I learned something new about paying off credit cards. It’s going to help me, and maybe it will help you too!
When should you pay your credit card bill? That depends on whether you carry a balance or not.
If you don’t carry a balance, you should wait until the last day to pay your bill. You won’t be charged any interest unless you miss your due date.
If you have a balance from previous months, you want to get your payment in as soon as you can. You’ll be charged interest until the day your payment is credited to your account. If you get the bill on the 20th and don’t pay until the 30th, you’ll add a third of a month’s worth of interest to your account…that’s no bargain!
Want more money-saving tips? Sign up for The Dollar Stretcher!
And as always, feel free to share your favorite tips here so we can all save a little dough! Thank you!