financialDebt
#RI-69aa800b·3 months ago·
1
“Pay off personal loan or CC first”
What Actually Happened
Paying off the loan first freed up $800/month, which I redirected toward the credit cards, but I still regret not paying off the cards sooner due to the high interest rates that kicked in
What I wish I knew
"I wish I had prioritized paying off the credit cards before the promotional rates expired"
Advice to Someone Facing This Now
If I could tell you one thing
"Consider your financial goals and prioritize high-interest debt first, even if it means taking a hit on interest rates in the short term"
Regret Index
6/10
Clear regret.
The downsides outweighed what was gained.
The downsides outweighed what was gained.
Advice for Someone Facing This
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financial Category
1,609
financial decisions logged. Avg regret 5.4/10 across the category.
Same Outcome Band
9%
of financial decisions land in the regret band the same as this one.
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