Which debt should I pay down first?

Highest interest rate method

Focus on debts like credit cards and student loans with the highest rate of interest.

The goal is to pay off the highest interest rate debt as quickly as possible, because it’s costing you the most.

While it may not feel like you’re making progress, this method will help you eliminate your costliest debts first—which can save you money in the long run. 

Topics: debt, money