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[quote=Anonymous]OP, I'm the "pay off your debt, Dave Ramsey" girl and one of the things he says really resonates with me: that a "targeted focus" on one project at a time will be far more rewarding (because you will see results) and empower you to stick with it. It's like 10% facts, 90% a mental game - if you target your focus at your student loans and blast them out, it will be far more rewarding, and effective, than spreading it out - a little here, a little there. It may end up being a net loss of some money, but I think in the end you may make more and here's why: if you aren't seeing much progress, if you look at the loans stretching out over a decade, you may lose steam. You almost certainly will. You'll spend more here and there, you'll charge more on your credit card, etc. If you target your focus at one thing at a time (for me it would be student loans first, down payment second, then start saving for college and retirement) you will see your results right away and it will motivate you to work harder and save more. I honestly believe this.

From a purely financial perspective, you are right that saving and investing will make you more. But I think that the reasons outlined above should make you think about the targeted focus approach. Good luck to you, again![/quote]

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