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I don't see a problem with his argument. Why pay off the lowest charging debt first? It doesn't make sense. Just the same as we encourage paying off non-deductible debt first because there is no tax advantage, and to pay off credit card debt before personal debt before housing debt. BR

I think you'll find he included CPI of about 2.8% in the calculations. BR

My wife has about $2.5k left. Because the amount is so low, we will just wait until she returns to work and the let the system finish it off. We could easily get rid of it, but don't have an intention on doing so. In saying that, I haven't done any modelling on the two options. It may end up...