Get Results without Changing Your Spending

“If you are faithful in little things, you will be faithful in large ones…” (Luke 16:10)

The concept doesn’t require you to have a line of credit necessarily. It works with any financial instrument that charges daily interest, especially where there is an interest free period on money you have accessed.

If you owe say $12,000 on a credit card that charges 10% interest. The annual interest is $1200 and the monthly payments will be about $120 which would pay the card off in about 18 years with a total of about $14,000 in interest – yikes! But, if you earned $1000 and deposited that money to your credit card, then you are only paying interest on the outstanding balance which in this case would now be $11,000. I understand that you need to spend some or most of that $1000 for living expenses – that’s ok because when you spend from your card you still have 20 days or so of interest free access to money.

In the meantime you’re getting the benefit of the $1000 deposit to your card during that time. You might end up saving yourself between $5 and $10 a month in interest charges but over a year that’s now between $60 and $120 which reduces your balance and over time exponentially reduces your debt and interest charges and you didn’t change anything other than how you spent your money.

There are many technical aspects to this strategy to be considered so please please please hear the concept then get professional help to set it up properly so you don’t end up being caught losing access money because of something you hadn’t considered. Credit is an extremely powerful tool and this concept is a great example of a simple strategy that just about anyone can benefit from as long as they establish the right parameters ahead of time and maintain good credit habits throughout.

This is a small thing that combined with other spending and debt management and cash flow strategies enable you to streamline your finances and therefore help you hear the voice of the Spirit in your day-to-day transactions.

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