Eliminating Debt

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Finances and other Thrifty topics.

How can I eliminate debt?

Eliminating Debt

If you have credit card debts, loans, etc., select the one debt with the highest interest rate as your target for elimination. On the other debts, pay the minimum due and pay as much as you possibly can on the high-interest debt. You will pay off your debts quicker and pay less in finance charges.



Nobody has commented on this tip yet. Be the first.


URL: (optional)


Not finding the advice and tips you need on this Thrifty Tip Site? Request a Tip Now!

Guru Spotlight
Lynne Christen