If you can afford the minimum payment this month for your credit card debt, make the same payment next month. Do not default to the new minimum payment. a $5,000 balance on a credit card with a 20% interest rate, then paying JUST the minimum (let's say 3% of the balance, which is $150 for [...]The post TIL: One Of The Most Effectives Way To Pay Off Debt appeared first on Steven Jacobs.