My little challenge!

kashton_2

Hello to everyone,

As my sig suggests, i am wanting to get rid of my smallest debt as soon as i can, before, moving on to the next one, i am hating the total amount i owe at the moment so i am going to keep track here if thats ok?

Insired by the pay a debt a day challenge, i am goin to be moving the odd pence each day to my savings account, i have signed up for pinecone and am still waiting to hear from them and will be getting piggy points and doing onepoll surveys,

Would you reduce the amount of the debt daily by the amount of extra pennies you have earned or wait until you have actually paid it off your bill?

I am just determind to do this, any ideas would be most welcome, oh, and sorry for the affle if any of this doesnt make sense!

GeorgeUK

Good luck with this challenge kashton.

Just wanted to make sure that you are aware that dealing with the smallest debt is not always the most economical. Paying off the higher APR will save you interest and paying off a lower creditcard debt may allow you to take advantage of a 0% or low interest life of balance offer for existing customers.

cady

GOOD LUCK i know sometimes its not the cheapest way to pay off a debt but i prefer to pay little debts off first to give me that boost to pay the big ones in the end keep us updated on how you get on!!!