Friday's Financial Advice

Every Friday I will have a guest post with some financial advice. My guest is Jarom Julander  from Summit Group Financial.



Here is today's advice

Want to learn how to pay down debt quickly and potentially save thousands of dollars in interest payments without increasing your total monthly debt payments. A system called PowerPay shows you how and you can learn to use it for free. The idea is to pay off one debt as soon as you can and then apply that payment amount to the next debt, thereby paying the second debt of even quicker. When that one is paid off apply the payment amounts for the first and second debts to the third and so on. This has a compounding effect, reducing debt quicker and saving you a lot of money. For free help and access to free software visit powerpay.org and set up a free acount that will teach you how to use this principle and keep track of each of your debts and it shows you different scenarios so you can see which debts to pay off first to save the most money. It will even tell you how much you will save in interest and when you will be debt free before you even begin the program.. So visit powerpay.org or contact me for more information and help at jjulander21@gmail.com.