Step 5 of 7 · Pay Off a Credit Card
Second payment to the target only
Second payment to the target only — step 5 of 7 in Pay Off a Credit Card. The extra amount goes as a separate payment labeled extra principal if the site lets you. Same day as payday so it cannot become takeout.
Free personal finance tip: Second payment to the target only (step 5 of 7 from "Pay Off a Credit Card").
The extra amount goes as a separate payment labeled extra principal if the site lets you. Same day as payday so it cannot become takeout. When the target card hits $0, do not shrink the payment — point the whole pile at the next card on the list.
If you get a bonus or tax refund, it goes here before a celebration. You can celebrate at $0.
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