BarrettArcher is worried about debt, and he’s tweeting about it:

If that doesn’t raise red flags and sound alarms, imagine if you were paying your credit cards with cash advances.

Of course, it’s important we give a little context- BarrettArcher includes this example as part of a longer argument against government debt. We won’t wade into the politics of the matter, but we can dive into the finances and tell you why it’s a bad idea to pay your credit cards off with cash advances.

Any time you have …

Keeping Your Balance

If paying off your credit cards feels like a balancing act, that’s because a lot of the time, it is. Discovering the best ways to leverage- and eventually eliminate- your debt can be a tricky process. One of the tools you can use, however, is a balance transfer credit card.

What Are Balance Transfer Credit Cards?

Quite simply, balance transfer credit cards allow you to switch outstanding balances from one credit card to another. For example, let’s say you owe $5,000 to Visa. A balance transfer card would allow you …