Debt Payments - Different Interest Rates
Small changes in how you make debt payments, like credit cards, can provide huge savings in time and money. The following example illustrates the dramatic effect from $15 in changes, and the need for debt payment optimization.

Minimum payment only
Debt	Owed	Interest	Minimum
Debt #1	$4,000	23.00%	$100
Debt #2	$500	3.99%	$15
paid off in 74 months $3,522 in interest

Extra $15 per month smaller debt #2
Debt	Owed	Interest	Payment
Debt #1	$4,000	23.00%	$100
Debt #2	$500	3.99%	$30
paid off in 74 months $3,506 in interest

Extra $15 per month higher interest debt #1
Debt	Owed	Interest	Payment
Debt #1	$4,000	23.00%	$115
Debt #2	$500	3.99%	$15
paid off in 56 months $2,585 in interest