Right, home from work, walk the dog, kids are back.

Mom!

Up the stairs for something.

Ugh, back down, no idea what I went up for.

Mom, what's for dinner?

Chop, sizzle, done.

Hello, fresh, can't slow life down, but it makes bringing everyone together around the table a whole lot easier.

So its phones down, forks up.

Hello Fresh. Bring back dinner time.

This is Optimal Finance Daily.

What are balance transfers by Jackie Beck of Jackie Beck.com.

Balance transfers are a type of offer from credit card companies, banks, or credit unions.

They let you move debt from one account to another.

Usually, balance transfers are used to move high-interest credit card debt to a new low-interest credit card.

But they can also be used to move other types of loans and debt to a credit card. They also can be a way to consolidate

multiple debts without taking out a debt consolidation loan. The idea behind balance transfers.

The idea behind doing a balance transfer is to reduce the interest rate you're paying

on credit card debt. That way, you can pay it off faster or easier. In that sense, they can

offer some relief from expensive debt. People normally try to get 0% balance transfer offers.

That way, their whole monthly payment goes towards reducing debt instead of a big

chunk of it going to pay interest. For example, if your current credit card charges 16% interest and

you have a $5,000 balance, transferring that to a 0% card would save you a bundle if everything goes well.

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