Whether to pay off debt or save for retirement is a tough decision. Learn how interest rates, emotions, and your financial ...

What's the best consumer option for paying down credit card debt? The answer is steeped in irony and may surprise you.

This is why so many people love the “snowball method.” Created by personal finance expert Dave Ramsey, and currently going ...

Option 1: Pay off debt first. Debt can be a huge drain on your budget, not to mention a significant source of stress. If you have high-interest debt, such as credit card balances, ...

Bussel, whose debt came from credit cards, student loans and back taxes, finally paid off all of her debt, which at one point exceeded $100,000, in 2020. Paying off debt is a common goal as the ...

Debt can be overwhelming and stressful, but with some forethought and discipline, it’s possible to pay off debt quickly and gain control of your finances. In this article, we’ll look at the ...

Saving vs. paying down debt: Which is the better strategy? Based on your financial situation, it depends. You may find you're able to do both at the same time.

Struggling with high-interest credit card debt? You're not alone. The average consumer’s credit card balance is now $6,580, a new report by TransUnion found. Here are the top strategies for ...

Using new debt to pay down old debt might sound like using a mop to fight back the ocean tide: fruitless and a terrible idea. And, in most cases, that's about right. But the credit card balance ...

When it comes to researching strategies and tips for paying off your debt, it’s easy to get lost down a rabbit hole, which can distract you from the real work of getting organized and tackling ...

Paying off $10,000 in credit card debt with minimum payments. If you owed $10,000 in credit card debt with the average credit card APR (21.47%) and you paid the minimum payment of just $200 toward ...

Zina Kumok, a freelance personal finance writer, paid off $24,000 in student loan debt in three years by allocating half of her take-home pay toward her balance. But she regrets not saving during ...