West of Lincoln a little bit | Your money goes twice as far if you pay down the larger interest loan first.
It feels good to have a field paid off, and if the difference was closer I'd say go for it, but that's too wide a margin between them.
Just think of your acres as one big field... you're making huge progress either way, but make your money work for you as much as possible. Pay down the 6.8% note and then put at least 50% of all net profits each year toward it to clear it faster. |