Re: Pay Off Smaller Debts First
The debate over "smallest balance first" versus "high interest first" seems so sticky at times due to so many little variables at play that varies from individual to individual.
One of those variables that I also think is worth considering is how much can one set aside for debt elimination? I've heard that some were so tight on their budget that they believed they had no choice but to pay off the smallest first.
Those who can afford $100 extra a month (at the very least) just for the sole purpose debt reduction may be better served to focus more on high interests first.
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