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When I listed my credit card balances and APR's, I listed only my credit cards. I un-foolishly left out my student loan. I've always treated this line of credit differently due to the low APR; any extra income I should have after all other debts are paid, would be better suited in an investment with a return of at least 2.63% (after fees and capital gains).

So, is that line of thought correct or should I include this debt in my recalculating of my "true" average APR as instructed by Mac and AJ (inclusion of the loan drops my average APR to 12.2% from 17.4%)?

Either, or both - it's kind of up to you what you want to look at, and which way would provide you with more motivation. To me, it would be valuable to look at the rates on credit cards separate from any other debt. This is probably especially true if you are planning on investing, rather than snowballing your student loan.

Another thing that you appeared to be looking at previously was your monthly interest cost. From a cash flow/expense perspective, that's probably as important as the rates.

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