It’s a Money Thing: How to Overcome ‘Credit Card Shyness’

News outlets and credit card companies are quick to label millennials as being credit card-shy. According to a recent survey, millennials apparently fear their credit card debt more than climate change, the threat of war and even death. It may sound like an overreaction, but the underlying trend is substantial: millennials are carrying fewer cards and have lower balances, compared to the previous generation of young adults.

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Utilizing Credit Card Balance Transfers to Pay Off Debt

A quick tip from Lynnette Khalfani-Cox, The Money Coach®

If you started 2019 with the intention to get out of debt, you may be bothered to find that some credit card bills are still lingering.

Don’t panic! You can still get on track financially and more quickly eliminate debts. Consider getting rid of your high-rate cards by utilizing balance transfers to a card with a lower interest rate.

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The Money Coach: How I Got Out of Debt and You Can Too

Meet the Money Coach

Lynnette Khalfani-Cox, The Money Coach®, is a personal finance expert, television and radio personality, and the author of numerous books, including the New York Times best-seller “Zero Debt: The Ultimate Guide to Financial Freedom.” Lynnette once had $100,000 in credit card debt, but she paid it all off in three years and turned her financial life around. SchoolsFirst FCU is pleased to partner with her to provide financial education and advice exclusively for our Members. Continue reading