Paying down debt is saving
About this session
Duration: 2 minutes
Paying off your debt can save you money in the long run by reducing the amount you spend on interest and debt payments. This money can then be redirected towards savings. Discover the importance of reducing your debt and explore strategies to help you start paying it off.
Next steps
Watch our Spending and Savings series on prioritizing debt, to help understand which debt to tackle first.
Read Why you should never use your retirement savings to pay off debt to learn the impact of using your retirement to pay off debt and alternatives for debt relief.
Log in to your online account experience to add your outside accounts to see your full financial picture. You can then review your spending and discover where you can find money to funnel towards your debt.
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