Pay Those Bills

posted by Dave -

                  

Most of us are carrying at least some debt.  And a lot of us are dealing with a soul-crushing TON of it.  So what's the best order to pay it off?  A new survey asked average Americans what they think. 

 

 

Here are five different types of debt, and how we prioritize them . . .

 

 

1.  40% said paying off your CREDIT CARDS should be the top priority.  Which makes sense, because they usually have the highest interest rates.

 

 

2.  28% said paying your MORTGAGE should be first.  You don't want to lose your house, so that makes sense too.

 

 

3.  7% said paying off their STUDENT LOANS is #1.  Those usually have a lower interest rate though, and you've got a long time to pay them.  So it's not the end of the world if you just have to do the minimum monthly payment for a while.

 

 

4.  4% said paying down a HOME EQUITY loan should be the top priority.  Not all homeowners have those though.

 

 

5.  3% said paying off their CAR loan is the most important thing.

 

 

Another 17% of people in the survey said 

Comments

Dave Hovel

Dave Hovel

Afternoon drive with Dave Hovel on Froggy 99.9!

title

Content Goes Here

This ad will close in X seconds.