Posted by LAA on March 02, 2015 at 05:02:13 from (217.175.64.196):
In Reply to: truck loan posted by 1955 950 on March 01, 2015 at 17:09:25:
Generally speaking, if a person is employed, it is better to pay debts with current cash flow and keep your savings intact. If you have set a goal to become debt free in a certain time period then starting with the debts which carry the smallest balances is a good way to make some quick progress and keep you motivated, unless there is some high interest balance that needs to be dealt with first. If you double up on the truck and when it is paid off apply that money to the mortgage you will see rapid progress more or less painlessly.
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Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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