Jon Dulin

About Jon Dulin

Hi, my name is Jon and I run Compounding Pennies. I've been interested in personal finance since high school and have both my undergraduate and masters degree's in finance. I also have a Certificate in Financial Planning and am licensed by FINRA. I've spent over 15 years in the financial services industry helping people with their finances. You can learn more about me in my About page.


  1. AvatarCatherine says

    I’m paying debts off via which one annoys me most haha. At the end of the day as long as you’re moving in the right direction that’s really all that matters!

  2. AvatarHannah @ Wise Dollar says

    The fastest progress would be my choice too. It can help you to pay your debts earlier. But we have different point of view. And your idea too is great. You have a good point.

  3. Avatarweenie says

    When I was paying off my credit cards (initially 3 credit cards), I was paying off the highest interest rate debt off first. This was because I felt that it was soul destroying seeing the amount of interest eroding away the actual amount I was paying off so for me, it made sense for the highest interest rate to go first. Had they all been the same interest rate, I would have gone for the smallest debt first, for the fastest progress.

    • Jon DulinJon Dulin says

      Glad you found a strategy that worked for you! I tried the highest interest rate first method, but failed. So I went to the smallest balance first and it worked for me.

  4. AvatarChristy S. says

    Great thoughts! Not too long ago I encountered this very dilemma when I decided to take the leap into my student loan repayment. It wasn’t pretty and it was going to take me a LONG time to pay it off, but I ultimately decided the best financial decision was paying off the highest interest rates first. Sure, I don’t get that quick gratification that paying off the smaller ones would give but in the end I’ll be a happy camper after saving all that interest!

  5. AvatarJohn Carter says

    Prioritizing your debt is the key and one should pay the debt with the higher interest rate. If there is not much interest rate difference, then, it is better to go for the debt which you can get rid easily.