We get this questions many times in different forms. Should I move my balance to another card with a lower interest rate? Should I take advantage of a card that earns points or gives away free stuff? Regardless of the question, often the situation is the same – it’s not worth the effort and risk to do so. Many times there is small print we don’t see or costs we don’t know about that makes a move like this actually more expensive than cheaper. The best solution is to just keep focused on your goal. Use your energy to find extra dollars to put towards the debt snowball and get this stuff paid off! You may gain a slight psychological edge in thinking this is helping the reality by transferring balances or consolidation, but it doesn’t change the problem and it’s definitely not the solution.

When my family had debt, I was very impatient and looking for any way I could to make it easier and faster. Unfortunately, I fell a couple of times for the do this and earn cash fast scheme, the problem they earned the cash and we did not. The real answer is if anyone is telling you this can be easy, fast or I have the magic answer then we need to run. Because as much as we want there to be one there is not, the only answer is this earn more spend less and get focused to take out your debt.

If you are having a hard time getting started or staying on track we may be able to help, but remember, the solution looks different for everyone. If you want to know what it would look like for you give me a call @ 317.858.7270 or send me at email @ jeff@TheFinanceCoach.net