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Monday, June 22, 2009

What Order To Pay Off Debt

Stacy writes to Frugal Dad with the following questions regarding paying off debt:

Questions: If you have a canceled credit card and its balance is the lowest should you work on paying that one off first or one that isn’t canceled? Also, would you work on paying over the credit limit cards or paying off payday loans first? We have ideas but just aren’t sure where to start and attempt to tackle the debt. Read Frugal Dad's response.

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"Simplicity of living, if deliberately chosen, implies a compassionate approach to life. It means that we are choosing to live our daily lives with some degree of conscious appreciation of the condition of the rest of the world." Duane Elgin