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I have $3800 to put towards my debt.

+4 votes
by (180 points)
I have $3800 to put towards my debt. Should I pay off the smallest balance or the highest interest?  
I have $3800 to put towards my debt.

2 Answers

+4 votes
by (770 points)
Home Depot for sure. You'll pay it completely off and save $$$ on interest. Either way you'll be paying $3800 so I don't see any scenario where it would make more sense to pay Scheels first.  
+3 votes
by (18.9k points)
High interest. You will be saving money and getting the motivation of paying something off in full. Even Dave Ramsey says if you have a large amount of money you can go out of order if you can pay something off in full and keep going with your snowball.  
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