I'm not personally in any major debt but saw this on late night tv or something.
Basically, figure out your monthly budget, and out of the part you have budgeted for debt repayment, pay the most towards your smallest (total $$) debt. Not the highest interest, the one that's worth the least. Pay minimums on the rest. The smallest one will be payed off first, once it is apply the money you were spending on it towards your next smallest debt, etc.
Now, this is basically what you did, Dazed, if you aggregate the student loans, but your system specifically listed by interest rate.
Again, just somethin I heard. |
