There isn’t only one correct way - the best way is the one that works best for you
Each of the following methods can be effective in repaying debt more quickly and reducing interest and fees:
1. Pay a little extra every month
2. Pay an extra lump sum amount once in a while (e.g. from a bonus)
3. Increase what you repay each month every time you get a salary increase
The best approach depends on your financial situation, income stability, and personal preferences.
Select the CORRECT way to repay debt more quickly and pay less interest and fees.
CHOOSE 1
Pay a little extra every month
Pay an extra lump sum amount once in a while (e.g. from a bonus)
Increase what you repay each month every time you get a salary increase
There isn’t only one correct way - the best way is the one that works best for you
1 answer