Hi All
First time post on here as wasn't sure where else to go too..
I currently have 2 debts that I would like to pay off but not sure which one I should tackle first, normally I understand people thinking in paying off the larger one first - but my idea is to pay off my student loan as I will be getting that money in my pocket once its paid off which can then go towards paying off the credit card. Is that the correct way to look at things?
Student Loan: 3,112.36 pay off around £156 a month 1.1% interest per year.
Credit Card: Balance 8,100 - pay off £100 a month (looking to increase) 0% interest until Q3 2022
Salary: £42,000
Outgoings: £1000 per month(roughly)
Thank you
Submitted February 08, 2021 at 05:40AM by SouthAd8339 https://ift.tt/2N0BKA1
