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New York Times

After Burst of Holiday Spending, a Plan for a ‘Frugal February’

By Ann Carrns

Nick Holeman, a certified financial planner with the online financial adviser Betterment, suggests considering the larger picture when paying off card debt. After paying at least the minimum amount due on your cards, he said, you should next contribute enough to your 401(k), if you have one, to get your employer’s matching contribution, if offered. Then, he said, focus on paying off any high-interest debt — generally, anything over 6 percent, including remaining credit card debt.

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This article originally published February 1st, 2019 on New York Times