Here's the deal. I'm getting married next September and I want to be debt free by then. I've decided to try and get all of my loans/credit cards etc.. paid off by May or so. I have about $550-$600 a month to put towards this (after paying the required amount on everything) Here's what I have to pay off:
$425 credit card 1
$480 credit card 2
$217 credit card 3
$380 credit card 4
$1500 loan 1 (109 monthly payment
$3000 loan 2 ($100 monthly payment)
I'm trying to get a idea on what to pay off first. The $3000 loan has some killer interest on it, so I've been thinking of just putting everything towards it. My other line of thinking is to pay off all the credit cards, thus lowering my monthly bills, allowing me to put more towards debt repayment every month.
So, what would you guys do? Any recomendations?
$425 credit card 1
$480 credit card 2
$217 credit card 3
$380 credit card 4
$1500 loan 1 (109 monthly payment
$3000 loan 2 ($100 monthly payment)
I'm trying to get a idea on what to pay off first. The $3000 loan has some killer interest on it, so I've been thinking of just putting everything towards it. My other line of thinking is to pay off all the credit cards, thus lowering my monthly bills, allowing me to put more towards debt repayment every month.
So, what would you guys do? Any recomendations?