31 Aug
Deciding What To Pay Off First, Redux
So after some comments and some more research, we’ve changed our minds. We decided to pay off Car #1 first. Not only does this take care of the highest interest rate, but it also frees up over $300/month in payments that we can divert to Savings & Debt.
It’s definitely going to feel good to drive around in a paid-off car, and I think it’s the right financial decision. We’ll pay the 0% credit card off in March when it’s due and then begin saving to pay Car #2 off.
We also get to adjust our Committed Expenses amount down and crank up the Savings & Debt category. It’s all finally coming together!
Good call, as I said before that is what I would have done.
August 31st, 2007 at 12:35 pm