Sentences with phrase «pay interest on debt just»

While it's never a good idea to pay interest on debt just to get a tax benefit — since you can never receive a discount that will match the total cost of holding the debt itself — the truth is many small businesses need to carry over balances on their credit cards to keep running and, ideally, to grow.

Not exact matches

For instance, if you just have a couple of credit card bills but you have plenty of disposable income to make extra payments each month, consolidating your credit card debt to a personal loan with a lower interest rate could save you money on interest and allow you to pay off your debt faster.

Just keeping the lights on, i.e. simply paying interest on the national debt, plus all the mandatory entitlement programs, burns through almost 100 % of their tax revenue.

Maybe our wise and patriotic politicians will start selling off our military assets just like they did with our manufacturing base so they can pay the tsunami of interest on our debt and China will take over as the world's police?

If you have different debts, you may focus on paying down aggressively the debt with the highest interest rate while you make just minimum payment on the debts with lowest interest rates.

Out - of - control spending has increased the US debt to over $ 20 trillion with the US paying $ 73.9 million to China every day just to cover interest on debt owed.

Plus it takes the government more than 20 % of tax revenue each year just to pay INTEREST on its debt — and that's at a time when rates are actually NEGATIVE.

For some it is just the thought of taking on debt, while others they would rather pay cash because they are averse to paying interest.

This includes borrowing $ 1.9 billion just to pay the interest on this debt.

sorry this is a bit of the subject does anyone know what the situation with our overall debt is at the moment and what our repayments are i was under the impression that we are at about the # 245 million mark gross debt and about # 97 net debt are the stadium repayments lower now or something is the bonds interest dropped lower inprice we were paying something like # 20 - # 30 million in repayments but heard its down to about # 15 million per yr now i know we will have broken throught the # 300 million mark in revenue now i am guessing that contributes more to the transfer funds or if not what makes up the transfer funds in the club i.e deals or match day revenue plus cash in the bank which stands at a high level but must be just in case we might default on a payment we need heavy cash in hand to bail us out this side of the club really intrigues me as it is not a much talked about subject unless you are into that type of area of work or care about the general fianacial outcome of the club does anyone have more insight into our finances would be great to hear from anyone about this matter cheers gonerwineverything (because we are)

After all, not only have they left the country paying # 120 million each day just on the interest on their debt, but locally the Labour council has more than doubled council tax since 1997.

You will owe more money to the new lender, but by eliminating other more expensive debt with the extra cash you just received, you are actually saving thousands of dollars too because you will have to pay lesser interests on your overall debt.

If the interest rates on your other debt - car or student loan or mortgage - is higher than what you could earn by saving or investing (consider that the average annual inflation - adjusted historical return of the U.S. stock market is just over 6 %), you'd be wise to pay that down first too.

The debt avalanche is just like the snowball debt method, except it focuses on paying off the debt with the highest interest rate first, but like the snowball debt method you continue to pay the minimum for the rest of your loans.

We were paying 19 % annual interest on that debt, which was just insane.

For instance, if you are paying 5 % interest on your $ 50,000 debt, but then invest it for a return of just 2 %, it would be better for you to pay off the debt that's at 5 %.

Debt management is a good plan for someone that is just looking to get a lower interest rate and pay off their credit cards in a faster time - frame, than if they were to continue paying minimum payments on their own.

I suggest people pay down all debt before investing because I just don't see people making average returns higher than the interest rates on the debt.

What started as making ends meet or a couple of small purchases grew into thousands of dollars in debt on a high interest credit card, and it feels like you just can't dig out from all of that expensive interest you pay each month.

If, based on your overall financial situation, you can pay off your debt — but you just need a temporary break — your creditor may choose to lower your minimum payments and / or your interest rate for a certain amount of time.

I just find it interesting that our home loan is 4 % interest yet recent grads have to pay... basically anything, depending on from whom they received their student loan debt.

Can you imagine having to borrow not only to pay the mortgage but to just make the interest payments on your credit cards and other debt?

We just discussed how interest rates can wreak havoc on your debt and the efforts to pay it down.

Saving $ 10 a week might feel great, but it won't have nearly the impact of putting $ 40 a month into an IRA.Although I would treat the Best Buy debt as being 20 % interest now, beacuse if you're even one day late, you'll have to pay interest on the full amount, not just what's left.

Put your $ $ $ in an index fund and focus on adding to it by saving as much as makes sense for your situation (Caveat: as long as you've paid off your high interest debt that is..., just as you said early on in the above).

Paying $ 50 a month on the same account of debt will shrink the time to pay it off to less than two years, with an interest cost of just $ 139.

okay here's my two cents worth folks im up for renewal and have just nagotiated a rate 5 yr variable1.75 persent or if i want a five yr fixed at 4.49 still quite a gap between fixed and variable here i believe i have a little lee way here apparently i was only interesed in variable and five yr fixed but i made it absulutly apparent to them that when lock in from a variable i get the whosale discounted rate at that time and written into the contract i kinda believe this the way the market is heading as we head out of ressesion and the bank of canada is going to make there move i believe coming up in june and just to make this firm i do not believe the boc will raise rates in fast mode far from it will be slow process i don't care what the ecconmists are thinking we have to remember manufactering sector is reallt taking a hit on the high dollar and don't forget our niegbours to the south how dependent our canada is with them i believe it will be a slow process a lot of people heve put themselves in a debt load over these enormously low interest rates but i may be wrong i think a variable is the way to go if you want to work on that princibal at least should i say the say the short to medium term and betting that the bond markets stay put for the short to medium term - i have given enough interest to the banks maybe i can pay a little less at least fot the short to mediun term here i have not completly decided yet put i think im going variable although i wish my mtge was up a year ago that would have been just great congradulations to all that did.

Sure, it may be tempting to only pay $ 25 per month, but not only will you be accruing more and more debt that will be tough to get out from underneath, but paying only the minimum payment mostly just covers the interest on the principal balance instead of the actual principal balance.

Spend # 1,000 and then repay # 980, and you pay a month's interest on the entire # 1,000 debt, not just the remaining # 20!

If you had debt that is 4 % and you can just let the balance grow and pay 4 % interest on that, why would you pay it off early with cash?

We examined the effects of paying just this amount on an average credit card balance to see how long it would take to be totally debt - free, and how much in interest one would have to pay over this period.

What happens is that you end up holding on to that debt for months, paying off just the high interest fees.

If you just leave the debt on that card while you pay it off, you could expect to pay about $ 830 in interest.

You've just saved a lot of money (not only on your mortgage but also future interest on the $ 3,000 in likely high - interest credit card debt you've been inspired to pay off).

If you have different debts, you may focus on paying down aggressively the debt with the highest interest rate while you make just minimum payment on the debts with lowest interest rates.

On the other hand, if your student loans have a high interest rate or you just prefer to aggressively tackle all of your debt, definitely pay those student loans off early.

Peter finally came to the realization that he would have to continue to work long past a comfortable retirement age just to stay ahead of the interest on the debt and once retired, his pension income would not be sufficient to sustain his living expenses and pay off the debt.

This takes years off paying down your debt just by making your monthly payment; it also shaves away money wasted on interest fees — sometimes thousands!

Ultimately, while paying off a home is a noble achievement, it just seems that the money used to do this would be better served on other investments that create a higher rate of return then interest rates on personal mortgage debt.

I just wanted to add that I agree with the focus on paying down debt, and the higher the interest rate, the higher the focus.

This allows you to focus on paying off the actual debt (principal), rather than just the accrued interest charges.

do you just pay interest only on all those debt?

If you borrowed $ 2000 and bought stock with them, and if the dividend payments EXACTLY matched the interest payments, you'd keep paying on the debt forever (not just 1 year).

Default is easy; you just stop paying interest on your debts.

That's right — company matching and tax incentives will far outweigh the interest you will pay on just about any type of consumer debt.

I'm sitting here stuck with these high interest rates on my student loans, but I don't have enough debt to refinance, and I don't make enough to just pay them all off.

This buys you time to pay off your balance as much as possible — or lets you pay just the minimum payment while you focus your debt payment on other debts with higher interest rates.

What started as making ends meet or a couple of small purchases grew into thousands of dollars in debt on a high interest credit card, and it feels like you just can't dig out from all of that expensive interest you pay each month.