Additional monthly payment Your proposed extra payment per month.
Additional monthly payment Your proposed extra payment per month. But most people don't have a lot of extra cash lying around. Break the habit of only paying the minimum required each month. You think you can get a better return in another investment i. Accelerated payment Scheduled payment plus additional monthly payment. Advantage 1st, that can be used for both refinances and purchases. Have you reached the maximum limit on that card? If not, consider transferring a higher interest bill to that one.
You primary financial goal is to obtain great wealth. Using someone else's money is better than using your own. Snowballing seems a good option, however can you suggest something for student loan borrowers.