Dave Ramsey's Financial Peace course says to pay off the smaller debt first and pay the minimum on the other credit cards. When the one card is done, then apply that money to the next credit card. Its called snowballing.
If you get rid of the smaller one first is does two things (1) gives you a sense of accomplishment and (2) helps you apply that money to the next.
When you try and tackle the bigger one first, it seems like a really hard uphill climb and you'll never get it paid.
If you get rid of the smaller one first is does two things (1) gives you a sense of accomplishment and (2) helps you apply that money to the next.
When you try and tackle the bigger one first, it seems like a really hard uphill climb and you'll never get it paid.
