How to Overpay Your Debt

Do you have any debt that's charged more than 10% APR, an annual percentage rate? If the answer is yes, then you need to get rid of that as quickly as possible. Choose either the highest interest rate debt or the smallest for a quick win. That's the smallest amount. We'll be going over debt elimination in episode 5 coming up in a few weeks time. But for now, focus on one debt at a time, paying minimum payments on the rest.