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Plan Well, Retire Well

Saving and investing your money

America Saves: PowerPay Your Debt


Want to save money? Get out of debt. PowerPay will help you get there faster.

This online tool was created by our sister Extension organization in Utah. Using it, you will create a schedule showing you how to pay down your debts by appying three simple strategies:

  1. How much above the minimum payment can you afford to pay each month?
  2. Do you have some cash on hand that you can put toward your debt now?
  3. This is where the PowerPay concept comes in: as you pay off one creditor, apply the amount of that payment to the next debt you target for early pay-off.

PowerPay will give you a schedule of when each of your debts will be paid off and when you will be debt-free, with and without these strategies. You'll be amazed at the difference.

Give it a try! Go to www.powerpay.org.

To learn more about saving, visit America Saves: http://bit.ly/fHbGQy.



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