Paying off Debts
So, I'm young, but I do have a lot of debt. My parents haven't helped me financially since I turned 18, so due to purchasing textbooks and gas and other things, I have quite a bit on credit cards. I'm currently a full-time college student, and I waitress about 20 hours a week at IHOP. I think I'll work closer to 30 hours this summer though, but I am taking summer classes. Currently, I have some credit card debt and a lot in student loans, and I'd like to get some opinions as to where my money should be going in what priority. So far, I am thinking I should go for the one with the highest interest rate first. Here are my choices:
1. Credit Card A: $1104.18 due, 17.740% APR
2. Unsubsidized Loan: $2676.35 due, 4.700%
3. Credit Card B: $685.86 due, 0% APR until Feb. 2007
4. Subsidized Loans: $10273.55 due, 0% interest until I graduate (5/2008)
I am thinking I should tackle them in that order, but should I just pay solely on one debt until it is payed before moving to the next, or should I pay a little on each one that is accruing interest?
Thank you for the help!
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