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Yakk · 12-01-2004, 11:16 AM

Learn how to budget, if you don't already. Know where your money is going.

Make certain you are having the correct amount of tax withheld from your paychecks. You don't want to run into an unexpected 'problem' at tax time. (theoretically, if not enough is being withheld, you could just budget for the hit)

Get rid of high-interest-rate debts before low-interest-rate debts. Which is a worse rate, your student loan or your car loan? Your student loans may change rates after a while of you not being a student. I think that complicates things. The naive answer is to pay off the debt with the lowest current interest rate, but that might not be correct.

12-01-2004, 11:16 AM	#2 (permalink)
Yakk Wehret Den Anfängen! Location: Ontario, Canada	Learn how to budget, if you don't already. Know where your money is going. Make certain you are having the correct amount of tax withheld from your paychecks. You don't want to run into an unexpected 'problem' at tax time. (theoretically, if not enough is being withheld, you could just budget for the hit) Get rid of high-interest-rate debts before low-interest-rate debts. Which is a worse rate, your student loan or your car loan? Your student loans may change rates after a while of you not being a student. I think that complicates things. The naive answer is to pay off the debt with the lowest current interest rate, but that might not be correct. __________________ Last edited by JHVH : 10-29-4004 BC at 09:00 PM. Reason: Time for a rest.