Sentences with phrase «toward paying interest on debt»

Governor Snyder has said that the bankruptcy filing will allow the city to spend more money on public services because less of its money will be hurdled toward paying interest on debt.

Not exact matches

Finding a way to put money toward paying off debt, especially high interest debt, is the best way to free yourself from the vise grip debt can have on your budget.

«Finding a way to put money toward paying off debt, especially high interest debt, is the best way to free yourself from the vise grip debt can have on your budget,» says Kimberly Palmer, NerdWallet's credit card expert.

Once that debt is completely paid off, switch to the debt with the highest interest rate and add the additional debt payments toward this debt while paying the minimums on the rest.

For instance, putting lump sums of cash toward credit card debt can wipe out high interest payments, which would give you a better return on your money than paying off low interest mortgage debt.

That's because the high interest rates that are charged on credit cards mean that a big portion of their monthly payments go toward paying interest and not toward paying down their debt.

Think about it this way: if you earn $ 15 in SmarterBucks and contribute that toward a student loan, you've not only paid off $ 15 in debt, you've avoided paying accruing interest on that $ 15 for the rest of your loan's repayment period.

If a chunk of your budget is going toward payments on high - interest debt, your first priority must be paying off this financial ball & chain.

Even if you can't pay off your credit card debt in full, putting a sizeable refund toward it will help you incur less interest and will help you get a head start on paying it all off.

The goal of debt consolidation is to lower your interest rate on the debt you owe, allowing you to pay less in interest charges and put more money toward paying down your debt.

Whichever option you choose; Credit Counseling for lower interest rates and one monthly payment, paying off credit card debt faster when current on accounts, or with Debt Settlement if you are behind in payments, we encourage you to choose one and begin taking steps toward being debt fdebt faster when current on accounts, or with Debt Settlement if you are behind in payments, we encourage you to choose one and begin taking steps toward being debt fDebt Settlement if you are behind in payments, we encourage you to choose one and begin taking steps toward being debt fdebt free!

The sooner you pay off this type of debt, the less you'll spend on interest — and the more you'll have to put toward your small investments that make money.

Instead of paying 10, 15 or even 20 percent on your balance, you could pay no interest and put that extra savings toward paying off your debt sooner.

Two debt - reduction strategies are useful: 1) the snowball approach where you pay off the smallest balance first, then move on to the largest and 2) the roll - down method where you put extra funds toward the balance with the highest interest rate first.