28 Jul
2010

This is the time of year when you need to focus on paying off and paying down your credit card. There are several reasons why now is the right time:

1) The Holidays in the fall. The fall is the start of holidays. From Halloween costumes to Thanksgiving family get-togethers, fall is filled with opportunities to spend. Save now so that you don’t get even further into debt later.

2) Back to school. Back to school shopping is just around the corner and now is a good time to put a little something away for that spending. Also, when back to school season does get here, it will be harder to put more cash towards your credit card, so pay down that debt now.

3) Cheap summer living. Summer means free public events, barbeques, casual get togethers. It even means less expensive clothes – you can live in t-shirts and flip-flops that cost a few dollars and look hip. Fresh produce is inexpensive at farmer’s market stalls. This is the ideal season to tighten your belt a little bit without even feeling the pinch. What you save can go towards your debts, but don’t forget to stash a little away in an emergency fund, too.