Don’t Kite Your Credit Cards

Today’s Tip: Don’t “Kite” your credit cards.  Kiting is a term that means moving money from one credit card to the next.  You take a cash advance on one credit card to make the minimum payment on another, and then repeat in  reverse the next month.  Kiting simply increases the interest you pay.

A better solution is to actually pay off your debts, so that interest isn’t a problem in the future.

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