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  • Budgeting
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  • Crushing Debt Faster: The Power of Paying More Than the Minimum

How to Pay Down Your Debt

By Saundra Davis
White dollar sign on a black background

“The ONE aspect of our financial lives that causes the most distress” (cue Jeopardy music) “What is DEBT?” Correct! Yup, you guessed it (or maybe you’ve lived it). The “right” way to pay off debt is a constant source of confusion. Even financial experts can’t agree on the best approach to tackle this debt trap.…

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Community Resources

  • Ask an Expert
    • – Submit a Question!
  • Budgeting
  • Calculators and Quizzes
  • Credit
  • Debt
  • Emergencies
  • Finances 101
  • Investing
  • Retirement
  • What’s new
  • Saver Stories
    • – Share Your Story
  • Videos

  • Say this, save money: negotiating rent with confidence
  • Wills for all: planning ahead isn’t just for the wealthy (video)
  • Resources for Federal Workers
  • Talking About the Tough Stuff: A Gentle Script for Talking to Family About Future Planning
  • Crushing Debt Faster: The Power of Paying More Than the Minimum
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