Jennifer Welsh spent years spending beyond her means before getting serious about paying off her debts and investing. Here are her tips for new investors.
Jennifer Welsh wasn't always the savvy investor she is today. While working in the hospitality industry in Chicago, Welsh racked up more than $30,000 in credit card debt, without thinking seriously about saving for her future. But in her mid-30s, she took a hard look at her financial situation for the first time — and got to work.
She paid a fee to transfer and consolidate the balances from her five separate credit cards onto one new credit card, which had a 0% introductory interest rate over a two-year period. "So I considered that 24-month expiration date my deadline." Welsh said. She ran the numbers to figure out how much money she should pay weekly."And every Sunday, I logged into my one credit card platform, and I paid $320 a week.Stay informed during the severe weather season with our local news and weather
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