Quote:
Originally Posted by cooliemae
I guess I see CC debt and 401k debt as apples and oranges due to their nature.
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The nature of the debt doesn't matter. It is always financially more advantageous to pay off higher interest debt before lower interest debt. That's what will save you the most money and get you debt-free the fastest.
There are psychological reasons why you might want to do it differently, but from a strictly bottom line, dollars and cents point of view, paying the higher interest debt first wins every time.