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TGIF !!!!!!
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 713394" data-attributes="member: 12570"><p>I couldn't get it to work for me either. I simply listed my debts from high to low, with their respective interest rates ,and chose the one with the highest interest to pay off first while making minimum to the others. My highest debt is actually at a fixed 4.9% so I felt comfortable saving that for last. I also suspended my 401k contribution and put that money toward the debt. Once the first was paid off I went to the next and am now down to the 4.9% debt and the Stafford Loan I took out for my daughter's college, which is at 4.25% fixed.</p><p> </p><p>I just refinanced my mortgage to a 15 yr, 4.5% fixed which I hope to have paid off before I retire in 10 years.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 713394, member: 12570"] I couldn't get it to work for me either. I simply listed my debts from high to low, with their respective interest rates ,and chose the one with the highest interest to pay off first while making minimum to the others. My highest debt is actually at a fixed 4.9% so I felt comfortable saving that for last. I also suspended my 401k contribution and put that money toward the debt. Once the first was paid off I went to the next and am now down to the 4.9% debt and the Stafford Loan I took out for my daughter's college, which is at 4.25% fixed. I just refinanced my mortgage to a 15 yr, 4.5% fixed which I hope to have paid off before I retire in 10 years. [/QUOTE]
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