ANSWERS: 1
  • You pay off your smallest debts first while maintaining minimum payments on your larger debts. I'm guessing the psychology is that paying off the smaller debts will give you a quicker feeling of success and motivate you to want to do better. Also while paying off and celebrating your smaller successes you are still whittling away at the larger ones and by the time you get around to paying them off they will be much smaller as well! YAY! My strategy is if you don't have the money don't buy it to begin with. That way you don't have debt to manage. I wish you much success with your new plan!
    • JImerald Michaels
      thanks for the suggestion, it's pretty straightforward, :)

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