Flashback: Pay more often
Posted on February 28th, 2008 by mbhunter
Journey to Financial Freedom hosted Carnival #23, and this week’s Flashback is from Healthy, Wealthy, and Wise: Making Monthly Payments Weekly. Dividing up your payments (paying a fraction every week rather than once a month, for example) allows a faster paydown of a loan. Plus, if you divide your payment in four and pay once a week, you actually sneak in a full extra payment a year, but it hardly feels like it. This is an extra trick you can use to pay down your debt faster.
Related Posts - Flashback: Pay down your debt with your tax refund Canadian Capitalist hosted Carnival of Debt Reduction #19, and this week's Flashback comes from Investing Intelligently: Pay Down That Debt With Your Tax Refund. These are Canadian personal finance blogs, but taxation is a sad reality in many countries, so this advice applies elsewhere as well. This advice is especially......
- Flashback: Quit whining Wealth Today hosted Carnival of Debt Reduction #28, and today's Flashback from that Carnival is from Young and Broke, now Cakes and Ale: Generation Debt or Generation Whine? This was a commentary on Generation Debt: Why Today is a Terrible Time to be Young, and she felt that the book......
Related Websites - How to Go Into Debt to Get Out of Debt This really sounds like the ultimate oxymoron, but one of the best ways to get out of debt is to go a little bit further in. What’s that? First, to help this make more sense, let’s clarify – if you need to get out of bad debt, going into good......
- On Debt and Making Choices Today is an important personal milestone. This day marks the final payment made to Wellsfargo on my remaining private student loans. With this payment I have no more private student loans to pay back and only a little over $15,000 in federal loans left. In July 2005, I made a committment......
