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Before you
make other investments, check to determine whether you can earn a
higher rate of return simply by paying down existing debt! If you have
a credit card balance that has a high interest rate you will get a guaranteed
return of the same rate on the amount of debt paid off.
Even better, that return will be tax-free! This Calculator will show you how
much you could be earning if you increased your payment on any one of
your debts.
Instructions: Enter the current payment terms
for any one of your outstanding debts,
then enter an amount you could comfortably add to the payment. Finally,
click on "Compute" to see what the return on your investment will be.
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