Credit Card Reduction Day
About Credit Card Reduction Day
When is Credit Card Reduction Day? This holiday is always observed on March 21
Today is Credit Card Reduction Day. The goal of this March 21 holiday is simple, take action today to reduce your credit card debt. While you’re at it, make and implement a plan to reduce and eliminate all other loans and debts. This debt comes with huge interest rates. It’s money we pay to the bank that reduces our ability to spend it on other things we need and enjoy.
Take a look at the interest payment on your monthly statement. It’s H-U-G-E. Credit card debt can have a crushing and devastating effect on our lives. It keeps us from buying the house of our dreams, or a new car. It restricts our ability to make other purchases. And, it adds stress to our lives. I don’t know about you, but I could use a little less stress in my life. Credit card debt comes with high, usurious interest rates. As credit card balances go up, so do the minimum payments, which can put a real crimp on our limited discretionary spending.
Did you Know? If you only pay the minimum amount due each month, it will seemingly take forever to pay off the balance. That’s exactly what credit card companies are hoping you do.
So, increase your personal wealth, and improve your quality of life. Today is the day to begin doing something about reducing your credit card debt. You don’t need to pay off the balance today. Rather, today is a great day to begin whittling away at the balance.
Your Ultimate Goal: Zero credit card balance at thened of each month.
By participating in this day, you are on your way to financial freedom!
How to Celebrate Credit Card Reduction Day
Here are some ways to “celebrate” this very special day, so you can eventually liberate yourself from the claws of credit card companies:
First, make an extra payment on your credit card balance.
Implement a plan to pay off just a few dollars more each month
Limit new purchases, until your credit card balance is paid in full.
Double down….. Add the money you didn’t spend on #3 above to your next credit card payment. You will have a zero balance even sooner!
Reduce the number of credit cards you have.
Once you have paid off the balance, Pay the full amount due every month…no exceptions.
“Blessed are the young, for they shall inherit the National Debt.” – – Herbert Hoover
History and Origin of Credit Card Reduction Day
Holiday Insights created this day in 2016. We feel that credit card debt takes a tremendous toll on the lives of Americans. It causes so many problems. By freeing ourselves of credit card debt, and extremely high-interest rates, we will be able to do so much more, and our lives will be much happier.
More March 21 Holidays
More About Today
Plant of the Day: Lavender…. what a lovely fragrance!!
Recipe of the Day: Easter Hot Cross Buns
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Did You Know? There are literally thousands of daily holidays, special events, and observances, more than one for every day of the year. and many of these holidays are new. People and organizations are creating new holidays regularly. March holidays are no exception. Consequently, at Holiday Insights, we take great efforts to thoroughly research and document the details of each one, as completely and accurately as possible.