Anonymous
Post 11/09/2013 22:02     Subject: Pay off debt?

Anonymous wrote:Yes, fixed.

I think I will just pay off the credit cards, then maybe accelerate the payoff of the cars. Bank the rest of the money.


Good plan
Anonymous
Post 11/08/2013 19:50     Subject: Re:Pay off debt?

You need a 6 month emergency fund. I can't believe this hasn't been posted already.

Once you've set aside your emergency fund, pay the debt with the highest interest rate.

I win!
Anonymous
Post 11/08/2013 17:03     Subject: Pay off debt?

Why don't you put the money towards your mortgage? This would give you a head start in building equity on that asset that you can tap into as a source of funds if you need cash to do something else. The interest on a home equity loan is tax deductible. You could use that to pay off your car and student loans and get some tax benefits from it.
Anonymous
Post 11/08/2013 13:44     Subject: Pay off debt?

Yes, fixed.

I think I will just pay off the credit cards, then maybe accelerate the payoff of the cars. Bank the rest of the money.