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Paying Off Debt Gives You a Raise – One You’ve Already Paid Tax On

Source: Money Crashers · Oct 19, 2026 13:15 UTC

Torn U.S. one-dollar bill on a white background — File photo Images_of_Money / Flickr · CC BY 2.0 · Source

The Quick Take

That yearly figure deserves more of your attention than the balance, which falls slowly enough to make quitting tempting. The balance is what you owe. The payment total is what paying it off buys. Say your household pays $900 a... Source

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