<prompt> Human: I was wondering if it would be better to pay off the daily interest or add the amount to the day I make a payment. Ex: I have a 17,000 loan at 8 interest and my payments are 213 a month. I looked up a daily calculator and it says my daily interest is 3.72. Is it better to pay off an extra 4 a day for the 30 day payment period or add 120 to my payment at the beginning of each month?Im not very knowledgeable about loan interest calculations and didnt want to start doing anything without doing some research first. I looked around for any similar questions and didnt find any. Please let me know if you needwant any more information. Im looking to learn more about my loans so I can pay them off quicker rather than in 10 years.  <response>: Mathematically? Paying daily will save you...what, maybe 100 over the length of your loan? It is better, but not really worth the headache of making 30x as many payments. Monthly payments are generally the way to go, unless you really want to micromanage every last dime.Just pay as much interest off as you can before defermentforebearance ends. When that happens the interest capitalizes into the principle, and future interest will be based off that amount as well. 