Which Debt Should I Pay Off First for Optimal Savings?

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Blazedbrew

New Member
Hey everyone, I'm trying to figure out which debt to tackle first. I've got a few, and the high-interest one feels like a black hole. Here's what I'm dealing with:

  • $400 - 0% interest
  • $260 - 16%
  • $980 - 16%
  • $2700 - 28%

I'm wondering if I should go for the smallest one first or throw everything at the high-itnerest monster. The minimum payments aren't cutting it. What would you do in my shoes? Thanks in advance!
 
Prioritize paying off the $260 debt first, then tackle the $980 and $2700 debts next. Continue making minimum payments on the no-interest debt.
 
I understand how tough this can feel. When I was in a similar spot, I focused on the higher-interest cards first. The idea is simple: clearing those with higher rates can save you more money over time. It might feel slow at first, but once those are cleared, you'll have more room to breathe and tackle the rest. Wishing you all the best.
 
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