I'm Having a Tough Time with the Math on This One!

Hello Leo,

Thank you, and the others, for taking your time to respond to my question.

"In a nutshell, it's not so much the interest rates that are important but what you do with extra money you put towards your debts and what you do AFTER a debt is paid off...do you take that money (which is now extra since you've paid the debt off) and waste it or do you put it on another debt? "

I agree... almost totally. :-)

"...it's not so much the interest rates that are important..."

With credit card interest rates now going as high as 35%, I think one needs to pay the highest rate cards/debts first.

"...what you do AFTER a debt is paid off...do you take that money (which is now extra since you've paid the debt off) and waste it or do you put it on another debt?"

Absolutely!!! This is one of the key factors of getting out of debt... and I'm not talking about in 30 years time! :-)

Again, thank you Leo.

Cordially,
Diane Everroad




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