Cost·3 min read
Credit-Card Surfing & the Biweekly Loan Trick
Two banking moves your lender would rather you skip.
Credit-card surfing — rolling balances between 0% offers — saves a fortune in interest, but only if you put due dates on your calendar and call the night before to pay. Never trust the mail.
And the one banks really don't advertise: instead of paying your $2,000 monthly mortgage, pay $1,000 every two weeks. You'll save around $125,000 in interest and finish six years early. Catch — it doesn't work if you signed an auto-pay loan, so refinance first if you're locked in.