Dear Dave,
My husband and I make $180,000 a year combined. Right now, we’re working on our debt snowball. We’re almost debt-free except for our home, but we still have a little bit left on two car payments and some credit card debt. He wants to get rid of the credit card debt, but he doesn’t seem to mind having car payments. I’m not sure I understand why he feels this way, and I’m a little worried he might lose interest in paying off debt once the credit cards are gone.
Keri
Dear Keri,
To be honest, I’m not sure I understand his thinking either. They’re both debt payments, and you’re being charged interest on both of them. The only difference I can see is that one’s attached to a car and one’s not. It makes about as much sense as saying you like Visa better than MasterCard.
