Paying down debt will save you on interest costs more so than what you will earn on short - term savings, so make getting out
of debt a priority.
Take your financial life to the next level through actions like seeking new income sources,
making debts your priority and separating friendship from business.
One of the reasons the U.S. economy took so long to recover from the financial crisis was shocked households made paying
debt a priority over more credit.
Debt priorities, savings and even post-retirement dreams differ from generation to generation.
They fall behind first mortgages when it comes to
debt priority.
You need to make the repayment of
the debt your priority.
We continued to live frugally, didn't travel, and made paying down
debt our priority.
It is vital that couples make paying down
debt a priority.
Since we were in $ 30,000 of credit debt, and since it has the higher interest rates (and not tax deductible), we had to make
that debt the priority, and figured we'd never get out of our student loan debt.
For others who already have debts (like student loans), make paying off
your debt a priority.
If you have borrowed money at a high interest rate, make paying off
that debt your priority before putting your money into savings.
Remember that the Servicemembers Civil Relief Act caps many interest rates at 6 percent during the period of active duty, so you may have to adjust
your debt priorities during a deployment.
If you've decided to make paying off
debt a priority, then congratulations.
Many of Nicholas» instructions have involved complex intercreditor issues and
debt priority and subordination arrangements.