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Everything Starts out Small

Blog: larryviel
Posted by: Sunday 4th July 2010, 5:49am
Last edited 04/07/2010 5:49am by

Great problems start from small neglects. Enough said. ;-)

Sometimes, it’s the small things that we ignore that tend to snowball into big and dangerous events.

One good example is your credit card balance.

We get to a point that we leave a small amount of credit card balance unpaid for whatever reason. But if you only tend to pay the minimum monthly payment, it would take you a really long time to clear off your card and finally get it over with. And because of interest, you end up paying more than the balance you originally left off.

Since we don’t want that to happen, you would have to start paying your balance right way. But if you currently don’t have money to pay it off, go ahead and get a personal loan to use in pay for it. Sounds like a crazy idea? Yes. But consider this: personal loans have lower rates than credit cards and are not secured by assets. Thus, it will be much easier to pay off a personal loan than your credit card. With this, you can pay for your credit card and be done with it, then start your payments on your personal loans.

Don’t ignore something just because it’s small. Sometimes it’s the small stuff you ignore that turns out into disasters in the end.

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