Reduce Monthly Expenses, Part II

We started this conversation with Reduce Monthly Expenses, Part I… With regards to paying off credit card debt, one school of thought is that credit cards with higher interest rates should be paid off first while the other school of thought suggests paying off those with the lowest balances first is the way to go.  From a purely financial perspective, the former is the better approach.  However, there is value in the latter approach as there is a psychological lift – a real sense of progress – from paying off one Read the Full Story