Debt Interest is crushing the typical America family. With mortgages, auto loans, credit cards and student loan debt, the typical American family is paying over 60% interest on a monthly basis. Those debt interest dollars are stealing the future away from families making it impossible to save the money necessary to grow wealth. Front end loaded mortgage payments are certainly nothing new, but rising home prices have forced the typical American family into mortgages where they will pay hundreds of thousands of dollars in interest alone. Then just as their payment begins to pay a little more principal, they either refinance or move, starting that process all over again. Student loans are basically another mortgage without a house, and cars cost what homes used to. All this at the same times that pensions have all but disappeared. So what is the answer?
It’s time to turn to technology to help consumers discover the fastest way to get debt free mathematically, and eliminate as much interest as possible. The old methods of using the debt snow ball, highest interest first, paying bi-weekly, and rounding up all help expedite the process. But in this day and age doesn’t it make sense to use technology to pay off debt the fastest way possible and put those dollars back into your pocket to grow wealth?