With student loan payments set to restart in October, Zero-Based Budget Coaching Founder Cindy Zuniga-Sanchez joins Yahoo Finance Live to discuss her top tips for repaying debt, as someone who paid off over $200,000 in debt over four years. Zuniga-Sanchez says there are “three main steps that you want to take.” “First, you want to go ahead and create your debt overview,” by collecting “your debt type, your debt balance, your minimum payment, and your interest rate,” Zuniga-Sanchez explains. “When it comes to the timeframe, the best thing to use is a debt repayment calculator tool,” Zuniga-Sanchez says. Zuniga-Sanchez notes there are many free options available for the calculator tool including, Credit Karma, NerdWallet, and Studentaid.gov. “Your debt repayment strategy is going to be key here,” Zuniga-Sanchez explains. There are two methods you can pick from, “the debt avalanche or the debt snowball method,” Zuniga-Sanchez says. Zuniga-Sanchez adds that “having deadlines, having dates, and having this information written down is really quite powerful throughout this journey.”
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-- Industrial & Commercial Bank of China Ltd. is trading near a record low valuation, with its shares down 11% so far this year in Hong Kong due to rising concerns over margins and asset quality ahead of its first-half results due today.
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