Pros and Cons of Paying Off Your Loans Early
Is there ever a wrong time to pay off a loan early?
Carrying loan debt can be stressful if you have other things you’d rather be doing with your money — and, frankly, who doesn’t? This leads to the noble ambition of wanting to pay off your loans as early as possible, which can pay dividends for you in terms of saving money and anxiety. However, even if you have the means, is it always the right decision to pay off a loan or debt early?
Overdraft Protection 101
Benefits and drawbacks of overdraft protection
Living beyond your means can cost you twice. There’s the actual payment that you can’t cover and the corresponding overdraft fee, which adds insult to injury by charging you a penalty for drawing money you don’t have. It’s an expensive and frustrating cycle, but knowing how to use your financial institution’s overdraft protection service to your advantage can help you break free.