Guides that go with this
Debt basicsWhy minimum payments take so longMinimum payments shrink as your balance shrinks, so most of each one goes on interest. Here's the maths, step by step, and what a fixed payment changes.Starting out4 min read
Paying off debtWhat changes when you pay more than the minimumWhy minimum payments take so long, a worked example with fixed payments, and what changes when you pay more than the minimum on a credit card.Starting out4 min read