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Another strategy would be to make additional principal payments to your highest interest loan while you continue to make the minimum monthly payments on your lower interest loans.
It's more important to make extra payments to your highest interest rate debt first as you continue to make your loan payment.
Prioritize your highest interest debts.
Once your highest interest debt is paid off, move on to the next highest.
Pay off your highest interest balances first or pay off small debts that you can eliminate quickly.
If you don't already have you an adequate emergency fund set aside, specify a goal for how much money you want to add to it every month, and put an equal amount towards paying off your highest interest debt.
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Deposit 10% of your income (when you start receiving one), into your high interest savings account each paycheck.
Most cards apply payments to lowest interest charges first, leaving your higher interest charges to collect interest until the entire amount is paid off.
If this is the case, you can look into refinancing your high interest rate for a lower one when you have reestablished yourself.
For example,if your minimum stock investment is $5,000 and you have just $1,000 in your stock account accumulated from interest, dividends and capital gains - put that $1,000 into your higher interest savings account.
The tricky part is that when you make a payment on the credit card, the payment gets applied to the lowest interest rate balance so that your higher interest rate balance remains on the card until your cash advance or balance transfer is completely paid off; during all that time, it's charged at the normal (high) APR.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com