Pete the Planner puts together a motivating and realistic blog and website for financial planning. Here he answers a question that so many have been faced with; how to prioritize your debts. In this post, he gives a simple equation on his reasoning, in a light-hearted tone.
Pete ranks it as the following:
1. Pay off all student loans. Those are usually at an extremely high rate and many people don’t know the interest is still being charged even though payments aren’t due until after graduation.
2. Make arrangements to create an emergency fund.
3. Work on paying off your credit card debt completely.
Click here to read the full post.