The phrase
"money on interest" refers to earning money through the accumulation of interest on an investment or savings account.
Full definition
If you can pay a little extra each month, you'll bring your balance down faster and
save money on interest payments over the life of your loan.
Also, if you are in a position where you can save
money on interest payments by consolidating or refinancing your debt, then borrowing may be a good option for you as well.
If you want to avoid getting deeper into debt, and wasting
more money on interest payments, you need to watch out for the credit card minimum payment trap.
As long as your lender is applying the extra payments to principal, you'll pay off loans faster and save
money on interest in the long run.
This method will save you so
much money on interest payments, as long as you can pay off your balance before the 0 % rate expires.
Yes, I don't necessarily get the quick wins feeling of the snowball method, but I know that I am wasting
less money on interest, which is very important to me.
In other words, you can pay off your credit card balance with a personal loan, and save
money on interest with new and improved terms.
Student loan refinancing companies help borrowers consolidate their student loans and save
money on interest through a lower interest rate.
If you want to really reduce your debt load quickly, and save
money on interest at the same time, consider paying your bills more frequently.
Once, you realize that you are spending so much
money on the interest component, you would obviously look for a solution to bring down the total cost of your loan.
There are people who make
enough money on the interest of their investments so that they (and their children and their children's children) never have to work again.
By opting to refinance Parent PLUS loans through a private lender, you could save a large amount
of money on the interest rate.
Choosing to pay points to capture a lower mortgage rate can lower your monthly payment and save
money on interest over the life of your loan.
They provide both individuals and students with credit card offers that can both save
money on interest while earning rebates on all purchases made with their cards.
If you keep your credit score healthy, you will be offered the lowest interest rates, meaning you aren't spending any
extra money on interest.
However, short - term loans don't allow traditional lenders to
make money on interest paid over time, meaning they can be hard to find.
Debt consolidation loans: You may want to consider a debt consolidation loan to simplify your finances and save
money on interest at the same time.
Yep, this will keep you from
wasting money on interest and fees, and will keep your money working for you as long as possible.
Student loan refinancing companies help borrowers consolidate their student loans and save
money on interest through a lower interest rate.
Otherwise, you may be losing a lot of
money on interest payments if you continue to carry a balance when the interest rate is no longer 0 %.
The fact that you may save a ton of
money on interest fees is an added bonus, as the average annual percentage rate (APR) for a general use credit card is a brutal 16 %.
So all the people who read this article and went for a fixed rate are probably pissed off and kicking themselves now because they would have saved significant amounts of
money on interest on a variable rate.
Phrases with «money on interest»