Question Wednesday
Nicole Dieker

I’m wondering how other people prioritize debt repayment. We’re in a situation now where we can pay more than the minimum on our debts, but I’m torn between the “snowball” method of prioritizing the smallest debt first to get the psychological benefits of the quick win, versus directing all extra payments to the loan with the highest interest rate, versus spreading out the extra to pay a bit more on all of our debts. What do other Billfolders do?

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