So I’m a firm believer in the snowball method. but sometimes I think theirs exceptions to the rule depending on your financial goal. Please tell me if this makes sense. We’ve been doing snowball for about 8 months. We are 2 months away from paying off one car 4 years early! Now we need to focus on our $14k credit card (no interest till July) and our SUV $32k ($575 a month doing biweekly payments). The plan was work on the credit card then move to the SUV and refinance to about $200 less than currently paying. We are also thinking about trying for another baby soon. I receive a bonus check once a month that goes straight to the extra payments. Instead of doing the whole check to the credit card now I’m thinking we should do half CC half SUV so we can refinance sooner and then go back to putting it all into the credit card? Currently projected to pay off the CC March 2021 and refinancing the SUV early 2022 and that’s a little further out then we’d like.
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