A recommended strategy for debt repayment is to prioritize paying off the debt with the highest interest rate first and to make payments exceeding the minimum monthly requirement whenever possible.

Authors

• Person: Not available Organization: RBC Wealth Management
  Six financial literacy principles - RBC Wealth Management

Sources

• Six financial literacy principles - RBC Wealth Management www.rbcwealthmanagement.com RBC Wealth Management via serper

Referenced by nodes (1)

• debt repayment concept