Anything you can pay above that minimum amount helps. Even $100 extra each month can save you thousands of dollars in interest charges.As long as you are working to pay off high balances, continuing to charge purchases is simply putting a bigger obstacle in your way.What's the best way to pay down debt?. You look at all your debts and pick the one with the smallest balance. Ignore the interest rate. Ignore the type of debt.
There's some support for this. The one-debt-at-a-time strategy works better than making equal payments across several accounts, and concentrating on the smallest debt works best, according to research published inDouglas Boneparth, a CFP and president of Bone Fide Wealth in New York, gives the snowball a thumbs-down.
acorns Got no debt. lol
acorns Want out of debt? Starting by listening to Dave Ramsey podcast or his YouTube’s. He keeps it simple and motivating.
acorns My credit is 850 and has been for a long time. NOCREDITORS