Got me a raise today!! What can I pay off first??

Jan 14, 2022 10:26 PM

It's great when hard work finally gets recognized. Can't wait for the pay increase to kick in and to get some loans paid down. Where my recently graduated peeps at??

Update: mother didn't even say congratulations, just questioned why after 7 months they decide now to give out raises and why the amount of the raise was small (in her eyes)

Start with your smallest debt first. I know it sound counterintuitive to not tackle the biggest first, but it's basically a dripfeed of >

4 years ago | Likes 8 Dislikes 0

dopamine and exploits reward behavior to go smallest debt to largest.

4 years ago | Likes 6 Dislikes 0

Good plan

4 years ago | Likes 1 Dislikes 0

Also your credit score loves it when you pay off debts rapid fire like.

4 years ago | Likes 2 Dislikes 0