@financial_craic: I’m talking about high interest debt mostly here but mortgage repayments rates can increase quite a bit as reported by @charlieweston_indo in the @independent.ie_money . There are 2 main methods to help repay faster than paying the minimum repayments. 1. Snowball method where you pay any extra that you can to the loan with the lowest balance. This will help you feel progress as you see the number of loans you have decreasing. The other method is the Avalanche method and is mathematically better because you prioritize repaying loans with the highest interest, therefore paying down the loans faster. Regardless of the method you choose, take action on one method and try to put any amount towards your debt that you can.

FinancialCraic

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Wednesday 10 June 2026 22:23:56 GMT