View Single Post
  #3  
April 21st, 2010, 03:46 PM
sugarloafbaby's Avatar
sugarloafbaby sugarloafbaby is offline
Mega Super Mommy
Join Date: Oct 2009
Location: Ohio
Posts: 2,974
Yes, Dave Ramsey recommends paying off the smallest debt first, regardless of interest rates. The theory behind this is paying off one debt gives you momemtum to pay off another. If you are really serious about paying off the debts as quickly as possible, then the interest rates don't matter as much (although, technically, you will pay more in interest if you pay off the lower interest rate loan first).
__________________

Thank you .:Shortcake:. for my siggy!


Reply With Quote