Repaying Debts

An Illustrated Look at Borrowing Costs

We’re celebrating Military Saves Week at Pioneer Services by sharing a trio of blogs that show you how to save money. This second one is an infograph that helps you visualize how long it will take to pay off certain debts—and how much it will cost you over time. 

There are many options out there for borrowing money, but which ones take the longest to pay off? How much total interest will you pay? What if you pay a bit more each month—does it really matter? Here are several types of borrowing options that, hopefully, answers some of those questions. 

PSB-004-66-RepayDebts

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Be sure to check out some of our other blogs on how to save money:

Retirement Savings 

Grocery Shopping Savvy

Emergency Savings Tips 

Mark Dye

About the author: Mark Dye

Mark Dye has been writing articles, recording podcasts, and putting together books on personal finance for nearly a decade. His work has been recognized by the American Bankers Association and the Institute for Financial Literacy, and received an 2011 APEX Grand Award for Writing. Follow Mark on Google+.

Contact: Mark Dye

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