
11. Get a Zero-Interest Credit Card
During a crisis, it might be difficult for you to keep up with multiple credit card payments, especially if they have a high interest rate. This would be a perfect time to refinance your debt by applying for a zero-interest credit card. Before you apply, create a spreadsheet on Microsoft Excel or Google Sheets. Write the total you owe, monthly payment, monthly interest, as well as the total interest paid over the course of the year. Once you see those numbers laid out in front of you, it’s clear how much money you’re wasting on credit card interest.

Many credit cards give a 0% introductory APR for the first 12 to 21 months on balance transfers. However, they also charge you a one-time fee for the transfer. Always remember to check how much money you’re actually saving by doing the balance transfer, or if it’s worth it at all. By doing this balance transfer, you can reduce the amount of money you need to pay every month, and it helps get your debt paid off faster.