MashMagazine

Why Should I Prioritize High-Interest Debt First?

You should prioritize high-interest debt first because it grows faster than any other balance you owe. Credit cards often charge 20% or more in interest, so unpaid balances snowball quickly. Paying these off first saves money, shortens your payoff timeline, and frees up cash for other financial goals. Debt feels heavy when you're juggling several payments at once. A credit…