Sticking to a budget is hard enough without adding today’s soaring inflation and a large amount of debt to the equation. Since inflation isn’t going away anytime soon, now is an opportune time to pay off your debt.
Did you know that most credit cards have variable APRs? That means that as the fed raises interest rates, your APR will rise with it. If you are only covering minimums, you can expect to pay more on your carried balances. And the way things are going, it could add up to a lot more. You can help ensure that doesn’t happen by paying off your debt now through a debt relief program.