The snowball method is the best way to pay down your debt. If you're sceptical and want to see how it will work, this spreadsheet will calculate exactly how long it will take to be debt free.
Tagged With debt payoff
Credit card minimum payments are designed to keep you in debt for a long time. The more you pay each month, obviously, the quicker you'll be debt-free. To put a timeline on it, check out this chart from Business Insider. It tells you how long it will take to pay off your debt, depending on how much you pay every month.
Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.
One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.
It's important to read the fine print with just about everything -- especially credit cards. Credit card companies use some pretty sneaky tactics to get you to sign up. They lure you with tempting offers that seem legit, but if you miss one iota of fine print, you're royally screwed. Here's what to watch out for, specifically, when you apply for a new credit card.