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Author: buckmizer Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308858  
Subject: Re: Debt Payoff Date: 10/24/2005 10:27 AM
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I think that you benefit more in the bigger picture by getting rid of your smaller debt first--and not just from the psychological standpoint.

If you retire your small debts first then one by one you will have more money to throw at you next debt and so on. That will take time, but as that time passes, your financial picture will get better and it might even present opportunities to lower your high interest debt. I think that too many times people look at the high interest debt and assume that they are married to it until the debt is completely paid off.

How is your budgeting and your e-fund coming? Snowballing is useless without it.

Thanks for keeping those Apaches flying.

Fred



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