**Debt 1**:

Amount owed: $24,000

Interest rate: 2.0%

Monthly payment: ~$620 /mo

Term: don't remember exactly but around 3-4 years

Debt 1 is really hurting my monthly cashflow, but the interest rate is low. And given that the money that would be used to pay off the debt is in a Prime MM earning 2.4%, i.e., more than the interest rate on the debt, it doesn't seem to make financial sense to pay it off. But it's crimping my ability to plow $$ from my after tax earnings into my investment accounts.

**Debt 2**:

Amount owed: $45,000

Interest rate 3.5%

Monthly payment: $300/mo

Years left: more than 15 I think or around there

Higher interest rate, but the monthly payment is comfortable and would allow me to plow money for the next group of years into my investment account. This is also my oldest account and boosts my credit a lot. The money I would use to pay it off is in a prime MM earning 2.4%. I think I could earn more than 3.5% with the $$ I plow into my investment accounts.

What should I pay off? And why?