If you have $5,000 in credit card debt and you only pay the minimum balance, it will take you 33 years to pay off. That’s longer than a normal home loan. And, you would have spent over $17,000 based on an average interest rate of 18%. If you have a $10,000 credit card debt, paying the […]
Does It Make Better Financial Sense to Pay Off Debt or Save Money?
Let’s pretend that you’ve come into some extra money on top of your regular paycheck. It could be that it was expected, such as a tax refund, or not expected, like finding fifty bucks behind the couch cushion. What are you going to do with it? I know, you’re first instinct is to hire that […]
Gamify Your Finances: Making Debt Repayment Fun
There are lots of different ways to pay off your debts. In this previous post, I went through the steps of first figuring out how much you owe, and then working out which method of paying it off that you preferred. All important and helpful information, but not exactly inspiring. So now it’s time to […]
How Do You Pay Your Debts Off Once You Know What You Owe?
This article will go over the steps you need to take to get rid of that weight around your neck – your debts. Hopefully answering the question, once you’ve figured out how much money you owe, how do you pay your debts off? I’ll be mainly concentrating on credit card debts, but all debts are […]