20
Attack the balance that costs the most
High-interest debt usually drains more than a low savings rate can replace.
Tip library
Debt
Interest, automatic payments, and the report that prices borrowing.
21
Automate the minimum, then add more
On-time minimums protect you from late fees. Extra payments are what shorten the debt.
22
Read the credit report you can get
Errors and old accounts can raise the price of borrowing. In many places you can request the report for free.