rate. card 2 has $3,000 and a 23% interest rate. card 3 has $1,000 and a 29% interest rate. paying off card 3 effectively earn you a 29% annual return because you no longer owe interest on that card. same logic goes for the other two cards. no investment will earn you that kind of return on a consistent basis.
besides getting rid of your high-interest debt, the question of whether you should pay off debt before you start saving or pay off debt while you save, is a personal one. are you comfortable with doing both at the same time? would you rather have that debt gone so you have 