Congratulations! You've refinanced your home and have a little extra in the bank each month. Before you start dreaming of the new shoes or computer you're going to buy, look at your credit card balance. If you have one, now's the time to get rid of it. Unlike other forms of interest that have dropped as yields on Treasury bonds have fallen, credit card companies still charge outrageous rates.
Think of it as the only way you can get a guaranteed return of 15 percent or more without any risk. So take that extra money and apply it where it counts the most. When your cards are paid off, reward yourself . . . just don't put those Ferragamos on your Visa.