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226 | How To Get Debt-Free Faster: What Your Extra Payments Really Tackle
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Today, we're diving deep into the world of debt reduction, specifically focusing on the impact of extra payments. Whether you're dealing with credit card debt, student loans, or a mortgage, understanding how your payments are applied can make a massive difference in your financial journey.
In This Episode, You'll Learn:
The difference between making minimum payments and extra payments.
How credit card companies calculate your payments and why it's designed to keep you in debt longer.
The truth about principal vs. interest in your payments and how this affects the total…
The skinny
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