I will soon be getting about $1000 and I want to use that money toward a debt payment. Am I better off 1) paying it toward a 30k student loan at 6.85% or 2) making a principal payment on my mortgage to get closer to being relieved of paying PMI. I pay about $100 per month in PMI and I am about 7K away from being done with PMI.
Read more: Best way to use a small windfall toward debt repayment?
