Those who are currently trying to pay off credit card debt may want to look into an interest free option, Mr Westwood said.
He continued: “If you’re paying any interest on your credit card, switch to a zero percent balance card, this will give you in some instances 30 months to pay off debts without any interest.”
While setting aside cash in case of emergency won’t seem possible for many right now, it is something which Mr Westwood flagged as being something to strive for.
“It’s important to build up a rainy day fund that you can fall into if you face any unexpected costs,” he said.
Published at Thu, 13 Aug 2020 20:42:36 +0000