To compound my confusion, I D/L & tried the snowball calculator. I didn't like it's recommended course of action, It had me paying <min on my mortgage for a while even though I input its minimum payment amount. And it was getting aggressive on 14% HEL while ignoring low balance high interest CCs. Maybe paying more into a $48k @14% makes more sense than paying more on $800 @23 when the dollars are added up at the end.The snowball calculator can't tell a mortgage from a HELOC from a credit card. It's just not that smart. You can manually change the order of payment, or just use it to play with cc balances and leave your mortgage off entirely. I found it was most useful to see what would happen if I squeezed more blood from our turnip, er, budget. Sometimes the effect of another $50/mo. over the whole payoff was motivation to cut more costs. I also used it to see if I could pay 0% offers before they expired, or what would happen if I sent my entire yearly bonus to one card or another. Another nifty thing I did once I had everything at 0% was to calculate our savings account as a negative balance. This let me see how much the interest we were earning would affect our payoff date.mm
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