You can start this week. Paying off your car loan bi-weekly can help you reduce the time it takes to pay off your car loan, as well as reduce overall interest over the length of your loan.
Amy Fontinelle is a freelance writer, researcher and editor who brings a journalistic approach to personal finance content. Since 2004, she has worked with lenders, real estate agents, consultants ...
Biweekly student loan payments reduce the total amount of interest you will pay back. Make sure your budget aligns with making half payments biweekly instead of one full payment monthly.
With biweekly mortgage payments, you split your monthly payment in half and pay it every two weeks. This payment schedule can help you save money on interest and build equity in your home faster.