Category: Debt

Paying Off Debt With Savings – Is It Worth it?

Most people would prefer to keep savings or continue, to pay into savings, rather than service their own debt. I’m not talking about paying into an emergency fund, but actually having money in a normal savings accounts, earning little to no interest. This may be alongside paying a higher interest rate in debt than they’re…
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Avalanching Your Debt: How Does It Work?

As mentioned in a¬†previous post, there are different types of debt repayment strategies. Following on from snowballing, in this article we will be looking at the ‘avalanching your debt’ repayment method, how it works, and whether or not this is the right choice for you. What is avalanching your debt? Avalanching is the strategy of…
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Snowballing Your Debt: How Does It Work?

As mentioned in a previous post, there are different types of debt repayment strategies. In this article, we will be looking at the snowball repayment method, how it works, and whether or not this is the right choice for you. What is Snowballing your debt? Firstly, this strategy works well if you have multiple debts…
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A Simple Guide to Paying Off Debt

In this guide, we will explain the simple tricks to paying off debt. In our debt repayment series, we will go much more into detail on the different strategies you can use to getting out of debt. But for those that are looking for an easy-to-follow introduction, you’ve come to the right place. We realise…
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