How Good Paying Off Balances Feels..
I read a powerful piece by my favorite financial self help guru, Suze Orman, the short haired blonde dynamo who seems to really care about the people she tutors in the ways of money.
Suze was saying what you choose in the new year to do in January as far as paying off the balances of the credit cards you may have racked up over the holiday, or just let them have a running balance, may have a great effect on your financial life in 2007.
She says that not only will paying off your credit card balances any way you can lift a huge weight off your shoulders and allow you to focus on other, loftier financial goals for the year, but you also gain a tremendous sense of accomplishment and respect for yourself, which can have a domino effect into other areas of your life, including your financial life.
So really it’s kind of a credit card karma if you will. If you pay those balances quickly, other things in your financial life will go more smoothly. In other words, skimp for one or two months, depending on the damage done, and you just might be able to pay off some of those balances and gain a fresh perspective for the new year, and some newer, better goals for your finances.
