hahaha), and used that money to increase my payment on
the next highest credit card debt.
Not exact matches
Your
next most attractive opportunity will likely be paying off
high - cost
debt, notably
credit card debt.
When that's paid off, go after the
card with the
next highest interest rate and keep going until all
credit card debt is eliminated.
Once
credit card debt is gone, then focus on
next highest interest charging
debt.
When it's paid off, start again with the
next card with a
high - interest rate — and repeat until all your
credit card debt is gone.
Pay off the
debt, especially
credit card and then adjust your w - 4 so you get a smaller refund
next year and apply the «extra» money each month to you
highest interest
debt
Next, if you have
credit card debt, it's often better to pay that off before considering other investments since those interest rates are typically sky -
high.
I put all of my
credit cards in order from lowest to
highest balances, then started tackling the smallest balance first, paying that off, gaining confidence in my ability to pay down my
debt, and then snowballing that payment into the
next — so on so forth.
(a) A matched 401 (k) should always be the first priority, even before paying off the 18 %
credit card sooner, (b)
next comes the
high interest
cards, (c) the lower interest
debts including the car loans, (d) the emergency fund.
As long as they're not planning to apply for a mortgage, refinancing or other major loan over the
next year or 18 months, they have excellent
credit scores and no
high interest
debt, each of them could apply for a couple
cards now, and a couple more
cards each in 4 months or so.