Don't Get Caught
Credit card debt is something we all have had an experience with. We can find creative ways to expedite paying off our credit cards.
One of my favorite ways to eliminate credit card debt is using a balance transfer. This means you can use a current credit card or apply for a new one at a promotional low or no interest rate. Then you transfer the balance from another credit card to the new credit card. For example, if you have three credit cards with balances of $2,000, $5,000, and $10,000, you may transfer all those balances to the one credit card that has the promotional low interest rate. The goal is to have one low payment and pay minimum interest charges.
Try to find credit cards that allow you:
No Annual fees
No balance transfer fees (most banks offer a 3% balance transfer fee)
A low interest rate, like 0% or 2% for during the promotion
If you took an offer of 0% interest for 12 months, you must pay the entire promotional balance in 12 months or pay the accrued interest charges starting from the date of the transfer. That interest accrued at the card’s normal interest rate will not be pretty. AT. ALL! Normally, there’s no deferred charge if the interest rate is other than 0%, but the interest charges will increase exponentially if you don’t adhere to the promotion expiration date.
If you go forward with any balance transfer offers, go in with your eyes open! Have a plan to pay off the transferred balance at least 30 days prior to the promotion expiration date so you don’t get caught paying interest charges unnecessarily.
Is the total black, being spoken
From the earth's inside.
There are many kinds of open.
How a diamond comes into a knot of flame
How a sound comes into a word, coloured
By who pays what for speaking.
Some words are open
Like a diamond on glass windows
Singing out within the crash of passing sun
Then there are words like stapled wagers
In a perforated book—buy and sign and tear apart—
And come whatever wills all chances
The stub remains
An ill-pulled tooth with a ragged edge.
Some words live in my throat
Breeding like adders. Others know sun
Seeking like gypsies over my tongue
To explode through my lips
Like young sparrows bursting from shell.
Love is a word another kind of open—
As a diamond comes into a knot of flame
I am black because I come from the earth's inside
Take my word for jewel in your open light.
Written by Audre Lorde
Source: The Collected Poems of Audre Lorde (W.W. Norton and Company Inc., 1997)
Lee Mooring, the Owner of All About One, is a professional consultant, with 26 years of military experience as a Marine and Air Force leader. He has designed and taught over 300 courses on Leadership, Diversity and Inclusion, Communication, Team Building, Sexual Harassment and Workplace Conflict Resolution for over 150 organizations both nationally and internationally.
In addition to his professional expertise, he has served on the ministerial staffs of six Christian ministries worldwide, and has written and directed eight full length gospel plays. Currently, he is pursing his Masters in Divinity.
Lee's vision is to inspire others to reach their potential so that together we can make a difference in the lives we touch!
As a member of the Fredericksburg, Virginia community he is doing just that. Recently, Lee sponsored his photography and videography expertise to provide high-quality imagery for the Inaugural Fredericksburg Regional Black Restaurant Week. We thank Lee for his professionalism and his selflessness to give back to the black-owned restaurants that were a part of this historic event.
To learn more about Lee Mooring or All About One, please visit: allaboutone.com