Open Question: Which loan should I focus most on paying off quicker and why? ?
I have two loans my school loan ($17,899 with 6.4% interest) and a car loan ($11,046 with 1.9% interest) and I have the money to make a bigger monthly payment on one of them but I don't know which. I know you should always pay loans you owe the least on first, but, the 1.9% interest is not as bad as the 6.4% interest, so, I wouldn't mind paying a little bit more on the school loan.
