The new year is a week old and many of us have already broken our New Year’s resolutions.  However, a common and vague resolution that can be easily fixed generally goes like this:  I will not waste money this year.

Fortunately, this resolution can be partly taken care of in a matter of minutes by doing a balance transfer online.  With a 0% balance transfer, you simply transfer your high interest credit card balance to a credit card that charges no interest for a year.  The process takes about 10 to 20 minutes, and the money you can save is dramatic. 

For example, a person with $4000 on a credit card that charges 15% interest will save over $500 with a 0% balance transfer.  With $10000 in debt, balance transfer savings skyrocket to over $1400.  Even a $1000 balance transfer will save a person over $100.

No matter how much credit card debt you have, transferring balances from a high interest credit card to one that offers a 0% interest rate is a quick and easy way to stop the flow of money from your bank account to your credit card company’s balance sheet.  Plus, many balance transfer credit cards also offer 0% interest rates on purchases, which can help you save money on any new purchases you make.

Credit card debt is something many of us don’t want to think about.  But if no action is taken, this debt can quickly grow from an issue to a problem.  The best way to satisfy your New Year’s resolutions and start saving money is with the smart use of balance transfer credit cards.

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