Why is paying down the HIGHEST INTEREST AMOUNT account so important?
A. This value is important because the highest Interest Amount account needs to be reduced first in order to provide the greatest benefit to you. When the Interest Amount is reduced, you can then use the savings to further reduce other expenses, or continue to pay down that account. This is a compounding process. The more charges you reduce, the more expenses you can payoff, and your expenses are reduced even further.
