This blog post is part of the Pay Down My Debt (PDMD) blog tour, sponsored by US Equity Advantage. PDMD is a solution that accelerates debt payoff and helps consumers monitor their credit and make smarter purchasing decisions. If you’re looking to pay off debt find out how they can help. When I meet new people, eventually the topic of my debt payoff journey comes up. I tell them that I write about personal finance and that I paid off my ... Read more...
How Much Interest Are You Paying?
One of the biggest reasons I started paying extra on my student loans was because I realized how much money was going to interest. When I started paying off my student loans, my minimum payment was $350. About half of those initial payments were going to interest. That means $175 a month - or 10% of my take-home pay at that time - was being flushed down the toilet. Interest is the money you pay to the bank for letting them lend you money. ... Read more...