From San Diego to Imperial Valley, Cabrillo Credit Union members have access to tools and tips that can help them take control of their finances—without turning life upside down.

1. Make Bi-Weekly Payments

Instead of making one full loan payment each month, try splitting it into two smaller payments every two weeks. This technique reduces the amount of interest that builds up—and by the end of the year, you’ll have made one extra payment without even noticing it.

2. Round Up Your Monthly Payments

A small change can make a big difference. Round your loan payment up to the nearest $50 or $100. For example, if your payment is $235, round it to $250. Over time, those few extra dollars can shave months off your loan term and lower the total interest you’ll pay.

3. Make One Extra Payment Each Year

Consider using your tax refund, annual bonus, or extra savings to make one full additional payment each year. You can also break it down into monthly pieces—just divide your regular payment by 12 and add that amount to each month. It's a simple way to make progress faster without straining your budget.

4. Explore Refinancing

If your credit score has improved or market interest rates have dropped, refinancing your loan could reduce your monthly payment or shorten the term. Just make sure your goal is to pay the loan off faster—not just reduce the monthly bill.

5. Increase Your Income, Pay Down Debt

Got a side hustle? Selling unused items? Use that extra cash to make extra loan payments. Even an extra $100 a month can help you reach debt freedom faster. You can also redirect savings from reduced expenses like streaming subscriptions, dining out, or impulse purchases toward your loan.

Stay Ahead—And Save

With a little planning, you can reduce the life of your loan, lower your interest costs, and reach your financial goals sooner. Whether you’re working to pay off a car, mortgage, or credit card, these strategies can help you take the next step.