Like many Americans, some Avon Representatives need help paying off debt. A recent survey by Better Homes and Gardens found:
60.3% are looking to save more, pay down debt, and budget better.
In order to have a successful business you need to know how to manage money in your personal life to be a success in your business.
Here is Some Tips for Paying Off Debt
From the Book “Self Magazine’s 15 Minutes To Your Best Self
Learn How To Free Yourself From Credit Card Debt
Take 2 Minutes To:
1. Stop using your Credit Cards. Cut them up if you have to, but defiantly cut yourself off. It’s best to only have one and use it only for emergencies.
2. Know what you are facing. Make a chart listing the amounts you owe, interest rates, minimum payment due and customer service number.
3. Get a better rate. Interest matters. If you have a credit card balance of 10,000 with a 15% interest rate, you are paying an extra 1,500 a year in interest alone.
Call each card and ask for a lower rate. If they won’t work with you, transfer the balance to a new card with a lower interest rate (zero if you can). Go to CardWeb.com and research rates.
4. Pay more. Take the card with the highest rate and figure out how much you can spare a month beyond the minimum payment.
Paying off $10,000 at $300 a month instead of $200 can cut your debt repayment by nearly 3 years. See BankRate.com to run the number.