Skip Nav
Job Search
Master These 15 Interview Questions
Life Advice
7 Things You Can Do to Help Someone With Anxiety
Apps and Tools
The App That Relieves My Anxiety Like Nothing Else

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 7 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
Credit Card Debt
How to Get Out of Debt
How 1 Inspiring Couple Paid Off $48,000 in Under 3 Years
Average College Graduate's Student Loan Debt
What Is the Income Based Repayment Plan?
Things You Should Save For
Average Student Loan Debt For New College Graduates

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 & Money