Debt: free money lessons
14 short lessons on debt, in plain English. Read one in a minute, then try it with your own numbers.
Avalanche vs snowball
If you're carrying more than one debt, you have two well-tested strategies for which to pay off first, and they optim…
Avalanche, in one line
If your priority is paying the least possible amount to clear your debts, the avalanche method is the mathematically…
Avoid the debt-for-debt trap
Taking on a new loan specifically to pay off an old one — debt consolidation, or a balance transfer — can be a genuinely smart move.
Clear the card before it compounds
A credit card has a quietly generous feature most people don't fully use: if you pay the entire statement balance by…
Debt isn’t a moral failing
It's easy to let debt become tangled up with self-worth — as if carrying a loan or a card balance says something abou…
Good debt, costly debt
Not all debt deserves the same urgency.
Interest is the real cost
A 36% annual interest rate on a credit card sounds bad, but it doesn't quite land until you convert it into monthly t…
One extra EMI a year
On a long home loan — fifteen, twenty years — the schedule feels fixed and unchangeable.
Pay more than the minimum
Paying only the minimum on a credit card feels responsible — you're not missing a payment, after all.
Snowball, in one line
If staying motivated matters more to you than shaving off the last rupee of interest, the snowball method might suit…
The debt-to-income check
Here's a quick, honest health check for your debt load: add up all your EMIs and divide by your monthly income.
The EMI split you don’t see
Every EMI you pay is doing two jobs at once: part of it covers interest, and part of it actually reduces what you owe.
The no-cost-EMI footnote
"No-cost EMI" sounds exactly like what it says — buy now, pay later, no extra charge.
Your credit score, simply
A credit score can feel mysterious, but it mostly rewards two genuinely boring behaviours: paying on time, every time…
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