pay off debt – Two Frugal Fairfielders

The Tightwad’s Notebook: Lesson #16–Pay Off (Not Down) Your Smallest Debt First Regardless of the Interest Rate

September 19, 2012August 24, 2016 by TFF, posted in Debt, The Tightwad's Notebook

The Tightwad’s Notebook: Lesson #16–Pay Off (Not Down) Your Smallest Debt First Regardless of the Interest Rate

Wipe our Debt — I can’t tell you how great it feels to get rid of a large debt. It’s a freeing feeling like no other–thank you Dave Ramsey! The way to do it? Pay off (don’t pay down, pay OFF) the smallest debt first regardless of the interest rate. Attack and conquer one small debt, then go on to the next when that one is dead and buried. You’ll get to the bill with the large interest rate soon enough. (Photo credit: Images_of_Money)

This is really a page from Dave Ramsey’s book, but it’s so worth mentioning again…and again…and again. Pay off–not down–your SMALLEST debt FIRST. Continue reading “The Tightwad’s Notebook: Lesson #16–Pay Off (Not Down) Your Smallest Debt First Regardless of the Interest Rate” →