When paying off debt which characteristic do you prioritize?

[thecolourpurple]

smallest balance

biggest balance

highest interest rate

largest minimum monthly payment

oldest debt

[bowenw]

In my opinion it is always best to pay off the debt with the highest interest rate as doing so saves the most money that can then be used to pay other debt at lower interest rates. If possible, try to convert debt with a high interest rate into debt with a lower interest rate, for example with a debt consolidation loan.

[LiamS95]

Just being debt free as quickly as possible.

[Nikki1989]

You pay it off as quickly as you can. Whatever works.

[RachyRach]

Largest monthly payment