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Originally Posted by Ima saver
In this case, it makes sense because the two balances are close. In Dave Ramsey's book, he talks about doing it the other way, but he is assuming that you have several debts and maybe one is only about $300. In that case you can pay it off quickly then take the entire amount to apply to the bigger debt.
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Nope. Do the numbers. It ALWAYS is better to pay off the highest interest first. Dave Ramsey is just plain wrong on this point and why you should even take these "finincial experts" with a grain of salt.