If your payments are going up, this might be a good time to look at your budget. Have a think about whether you could go without a subscription or two. Planning, budgeting and taming other debts are important for your financial wellbeing any time, but more so now. Have a nosey around our other money hack articles for ideas and quick tools to help you rein things in.
If your repayments are monthly, consider whether you could make them fortnightly instead. This means you’ll repay slightly more over the year, as you’ll be paying the equivalent of one extra monthly repayment a year. And if you’re in a position to make a lump sum repayment, this could be a really smart move too. Check out these and other ways to reduce interest costs: