2271: What Debt to Pay Off First: A Simple Way to Decide What’s Best by Jackie Beck

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 13 April 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jackie Beck helps you decide what debt to pay off first Episode 2271: What Debt to Pay Off First: A Simple Way to Decide What’s Best by Jackie Beck Jackie and her husband paid off over $147,000 in debt, including their house! She’s walked the walk to become completely debt free, and she wants to help you do the same with her award-winning Pay Off Debt by Jackie Beck app. Jackie and her app have been featured in Oprah Magazine, MarketWatch, Forbes, CNBC, and more. The original post is located here: https://www.jackiebeck.com/what-debt-to-pay-off-first/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 2271.
0:04.8	What debt to pay off first?
0:06.6	A simple way to decide what's best.
0:09.4	By Jackie Beck of JackieBeck.com.
0:12.5	And I'm your host and personal finance enthusiast, Diana Mariam.
0:16.7	Welcome back to Optimal Finance Daily, where I'm here with you each and every day to read
0:21.6	from some of the world's best finance blogs.
0:24.5	So let's get right to today's article as we optimize your life.
0:32.6	What debt to pay off first?
0:34.3	A simple way to decide what's best.
0:36.8	By Jackie Beck of JackieBeck.com.
0:40.9	Wondering what debt to pay off first?
0:43.7	Once you're ready to go beyond just paying minimum payments on each one, typical reactions
0:48.5	are to either try to pay just a little bit more than the minimum to all of your creditors
0:53.5	or try to decide which way will save you the most money.
0:57.0	In other words, we try to figure out what debt to pay off first based on logic.
1:01.9	Unfortunately, that can be complicated unless you owe the IRS.
1:05.5	In that case, they should probably top your list.
1:08.6	Worse, trying to figure out what debt to pay off first based on logic isn't necessarily
1:13.6	effective because borrowing money is rarely logical.
1:18.5	Considerations.
1:20.5	So instead, think about two things in making your decision about what debt to pay off first.
	...

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