My dh is going to be getting a large bonus soon and we have been debating as to what part of our debt to apply it to. We think that applying it to the item with the largest interest rate would be the way to go which would be one of our vehicles over the house. With that in mind though cars depreciate in value whereas if we were to put the money into our house then it will be made up when we go to sell the house. This has been something we have been discussing for awhile and cannot really come to a conclusion. If we pay off the car then we can put the payment amount to the house payment. Some outside input would help. Thanks!
Answer by Dannee at 2:28 PM on Apr. 7, 2009
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