Consider using a debt repayment calculator to determine how much sooner you could pay off your debt with a lower interest rate.. Think about this simple example. Imagine you have $5,000 in debt on ...

We’ll start by pretending she doesn’t have any student loan debt. In a case like that, would it be wise for her to borrow money on a student loan in order to invest? Of course not. It’s a dumb ...

A listener of The Dave Ramsey Show wonders if his daughter should use a gift from her uncle of $10,000 to pay off student loan debt.

For example, consider Pretend Patty, who takes out a loan from her 401(k) for $15,000 to pay off her credit cards. If Patty’s loan charges 5.5% in interest, and she typically sees a 7% rate of return ...

Whether to pay off debt or save for retirement is a tough decision. Learn how interest rates, emotions, and your financial goals can help shape your strategy.

This is why so many people love the “snowball method.” Created by personal finance expert Dave Ramsey, and currently going viral on TikTok, it’s all about paying off the smallest debts first and then ...

Q. Our daughter is a student, and she has $10,000 in student loan debt. She works part-time, and has a couple of scholarships, but she has borrowed a little along ...