What does this have to do with paying high debt first? They jumped high and they’re high-fiving. Yeah it’s a stretch but I got nothing else.
Debt with the higher rate charge the most interest per dollar. The way to get out of debt most efficiently is to pay off the debt with the highest balance first. After that, tackle the next highest debt next and so on.
A lot of people will say to attack the lowest balance first but the numbers side with paying off the highest interest debt first. The reason people pay the lowest balance debt first is because one less bill makes them feel less burdened. You lose less money to interest by paying the highest rate debt first.
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