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Most young adults have gone through their lives having little they had to pay for. Then they enter college and graduate with a looming debt that accumulates interest with each passing moment. And the debt doesn’t end here. With entering adulthood also comes the costs of insurance, house payments, car payments and possibly budgeting for raising your own children. As the years go on, it can seem as if you’ll never get out of debt. However, there are some strategies you can use to pay off your student loans faster.

Make Extra Payments Whenever Possible

You might not have extra money flowing in very often, but there are certain times when you’ll have a little extra. Take advantage of your tax refunds, any bonuses you receive from work, and even birthday money you might receive. While it definitely won’t be your preferred way to spend that money, putting it towards your student loans could help shorten the repayment length. Putting this money towards student loans is a bore when compared to buying concert tickets or booking a trip. However, it is worth it when you see the amount you owe become less, not to mention that you’ll have paid less in interest once they’re paid off.

Stick to a Budget

You’d be amazed to find out just how little adults actually have a set budget they follow. Many adults believe they can skate by, staying on top of finances even without tracking it. They might be fooling themselves into thinking they’ve got their finances under control, but when they take a closer look, they’ll likely find they can cut back in a variety of ways in order to make more room for paying off debts. There are many apps available that can help you in this process of setting up a budget if you’re new to the process.

Pay Off High-Interest Loans First

Interest is the bane of many people’s existence. After all, not much else is worse than being thousands of dollars in debt, let alone throw more debt on top of that simply because of how long it takes to pay it back. While interest is an annoyance in and of itself, it does put more of an emphasis on paying off your loans. As you try to become debt-free, your focus should first be on paying off your high-interest student loans. By getting these paid off earlier on, you’ll save more on the total interest you pay over the years.