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You want to first tackle debt that has the highest interest rate first. Ideally, you would be paying extra on these types of loans first until they are paid off and then snowballing money spent on that loan into the next loan you have. You’ll probably find varying opinions on this as some are math based, others are based motivation and staying committed.
By Dustin5
22 ratings
You want to first tackle debt that has the highest interest rate first. Ideally, you would be paying extra on these types of loans first until they are paid off and then snowballing money spent on that loan into the next loan you have. You’ll probably find varying opinions on this as some are math based, others are based motivation and staying committed.