I'm typing this post because I know the logical choice but its not the emotional decision I want to make. I want to devote all of our "extra" resources to paying off our new tractor. Here is a list of our debts. You tell me what you would try to pay off first.
Car 0%, $350 payment, $8400 balance
Student loan 4.5%, $150 payment, about $3000 balance
Tractor 3.75% currently, $587 payment, $25,215 balance. We planned to transfer this to our line of credit but haven't because the rate would be 4.25% with an interest only payment of about $90. Might as well keep the lower interest rate while we can.
If you remember from a few posts back, I was going to try to wipe out most of the student loan in April. I'm on commission and some things were pushed back. Its just how commission works. This is a good month for pay though.
What debt would you pay first?