Do you know how much debt you have and when it will be paid off?
Maybe you have a general idea, but do you know the exact amounts and the exact payoff dates?
I know some people who hate debt while I also know others who don’t seem to mind it.
Once I graduated college I made it my mission to aggressively pay down the student loans that I accumulated to study abroad in Athens and have an unpaid internship in Dublin. I wanted to knock out this debt quickly due to high interest rates on the loans.
Are you doing anything to pay down your debt more quickly than required or do you prefer to save your extra cash?
Paying debt off more quickly than required isn’t always the right answer. It all depends on your situation and the terms of the loan.
