Decoder · Debt and cash
The yearly cost of a debt, in percent. It lets you compare debts honestly: a 24.99% APR card costs roughly five times what a 5% loan costs on the same balance. The sequencer uses your APR to place your debt in the order — debts at 10% APR or more are treated as expensive and jump the queue.
Interest, in plain wordsEmergency fund, in plain wordsHigh-interest debt, in plain words