The Clark Howard Podcast 01.15.25 A Plan For Credit Card Debt / Direct & Free Tax Filing
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Jan 15, 2025 The podcast dives into strategies for tackling post-holiday credit card debt, with an emphasis on focusing payments on high-interest balances. Listeners learn about the IRS's expanding Direct File program, making tax preparation simpler and more accessible. Concerns around tax refund security are raised, alongside the benefits of seeking professional help versus self-filing. Real-life consumer challenges, like unexpected credit score drops and shopping experiences, are discussed to empower listeners with practical solutions.
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Credit Card Debt Plan
- Print out credit card bills and write down balances and interest rates.
- Create a plan to pay them off within 10 months.
Debt Payoff Strategy
- Pay minimums on lower-interest cards, focus all extra payments on the highest-interest card.
- Work your way down, one card at a time.
Sugar Bowl Refund
- Ticketmaster offered refunds after the Sugar Bowl postponement due to the terrorist attack.
- Contact them if you haven't already.