"Pay more than the minimum amount" is a good piece of advice. My payments are like $377/mo or something, so I just round it up to $400. It makes it easier to budget and it amounts to most of an extra payment over the course of the year.
"Compound interest is the most powerful force in the universe."
-- commonly attributed to Albert Einstein
It's probably the most important piece of advice, too! Right now I'm paying a HUGE lump into the highest interest loan (basically every dollar I have spare after expenses), and then I round the rest of my "minimum payment" loans up to the nearest five or ten dollar mark.
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"Pay more than the minimum amount" is a good piece of advice. My payments are like $377/mo or something, so I just round it up to $400. It makes it easier to budget and it amounts to most of an extra payment over the course of the year.
It's probably the most important piece of advice, too! Right now I'm paying a HUGE lump into the highest interest loan (basically every dollar I have spare after expenses), and then I round the rest of my "minimum payment" loans up to the nearest five or ten dollar mark.