00:00Do you have multiple credit cards?
00:10When you make payments, do you make it based on the interest rate or on the balance amount
00:15owed?
00:16It's actually not cost effective to make payments proportional to your balances as
00:20high interests multiply what you owe.
00:22So when you make your payments, ensure you prioritize high interest over the balance
00:27amount as this will also ensure that you pay down your debts faster.
00:31Also commit to paying down all your balances in full every month so as to not allow interest
00:37to accrue over them and when you use them for local purchases, ensure that you use lower
00:43interest rates cards first.
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