I know it seems like a strange concept, but as you pay off your debt and eventually wipe out any credit balance that you have, the payback on your money is equal to the interest you were paying……What?
That’s right, think about it this way. You were paying $200 per month towards a debt that was charging you 15% interest; when that debt is paid off, that money is now yours without any interest being charged against it. Therefore effectively, you are earning a return on that money since you are no longer being charged!
Regardless of the return, it is important to take the payment that you have now recouped and use it to roll-up into the next targeted debt according to the Accelerated Debt Payment Calculator.
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