Just looking for some outside input. I’m pretty sure we’ve decided how we’re going to do this, but just for the sake of looking at all angles. Our federal refund should post this week and we’re getting $1757 back. Our first priority is to pay off our 2 smallest loans ($985 and $638). From there, we’re going to snowball into our next debt, which will be one of our 2 credit cards. Credit Card A - has a balance of about $4600 and an interest rate of 19. 74%. They refuse to lower my rate, despite having the account almost 12 years with ONE late payment at the start. Credit Card B - has a balance of about $3000 and an interest rate of 14. 40%. There is also a $3 monthly fee. Which card would you tackle first? We’ll have our snowball going toward whichever one we hit, but we’re also budgeting in extra debt payments each month, plus some extra from what we save. We also have a “semi fixed” bill for our gas right now that we won’t have next winter that we’ll roll into this payment. These cards are both in my name, maxed out and my credit is horrible right now because of it. We need to start saving to buy a house, but would like to get these paid off first. Like I said, just looking for some outside input! I had our February budget finalized before we started discussing this and now I’m questioning if I should make a change here.
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