|
Sometimes just paying off your own debt can be the best way to “invest” your available cash. For example, if you are paying 19% per year on your credit card balance, any additional payment you make to reduce that debt will provide you with a guaranteed return of 19%—tax-free!
Use this calculator to see how much you could earn by increasing the monthly payment on any one of your outstanding debts.
In the Input Fields below, enter the current payment terms for any one of your outstanding debts and the amount you could comfortably add to your current monthly payment. Then click on Compute to see your savings and the return on your additional investment.
I n p u t F i e l d s
_______________________________________________ |
