Skip Nav
New Year
6 Money-Draining Mistakes to Stop Making in 2017
Career
An Open Letter to the Boss Who Hazed Me
Career
Funny Gifts Your Co-Workers Will Love — All Under $25

Repaying Debt Takes More Money Than You May Think

When you consider taking out a loan or borrowing money by using your credit card, think about personal finance guru M.P. Dunleavey's powerful debt math. She estimates that it takes $16,400 in income to pay off a $10,000 loan at 15 percent interest. Check out her reasoning in the video below.

Around The Web
Join The Conversation
ilanac13 ilanac13 8 years
i have to admit that i hadn't thought about how i needed to factor in what i was doing to pay off my debt. i had taken out a personal loan a while back to pay off some stuff and i realized that now i've payed more than the amount of the loan and the debt based on the additional interest that i was being charged. it's one of those life lessons. just learn to only spend w/in your means and you won't find yourself in such a hole down the road
How to Get Out of Debt
How to Pay Off Debt in 5 Years
How to Pay Off Debt
Strategies to Pay Off Debt
Financial Changes to Tell Tax Preparer
McDonald's Debt Advice For the Holidays
Tori Spelling's Debt Trouble

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Career
All the Latest From Ryan Reynolds