Paying down the balance on your credit cards and loans

Did you know that if you make an extra payment on your credit card right after the normal payment is made 100% of that payment will go toward the principal? Yep. But don't wait too long, do it the very next day or even on the same day that your bill is due. Just make sure that the regular payment is made first. This is easy to do, if you pay your bills online at the card site, like I do. The same idea works on your car loans as well. Try it, before long you'll be paying down those balances like wild fire!