Tips to watch your spending, reduce credit card debt as pandemic restrictions
CHICAGO (WLS) — The weather is warming up and you may be ready to spend more money as pandemic restrictions loosen, but you also want to watch your wallet. Look your budget over again. Write down what you plan to spend on entertainment; Also take action to reduce your debt. Consider a zero-percent balance transfer to a card to automatically reduce your interest you may be paying; Try to call your current credit card company and ask them to lower your card’s interest rate. Most people may not think to do this but Lending Tree says 80% of people who do ask are successful.
Lending Tree says a recent survey found that 47% of Americans plan to go into debt this summer as they spend more on travel, clothing and eating out.
Experts say before you start spending more again, you should revisit your priorities since many may have changed during the pandemic.
For more tips on how to reduce your debt, visit LendingTree.com.
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