Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Help me spend my car payment!"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]10:14 again. The people saying to pay them off in order of interest rates are correct in terms of explicit money value, BUT there is a real psychological benefit to the snowballing (paying the lowest balance first) that keeps people motivated to continue paying down debt. Luckily (?) in this case the lowest balance is the highest interest, so either way, Amex first. I know you mentioned your credit score, but try not to think about that. It really only matters if you need to take out additional loans, which is really only a last resort until that cc debt is gone.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
