When I sat down to figure out how I was going to pay of my debts I had several options but the one I chose to do was the Snowball Method. I chose this because I wanted to see results fast.
I have two credit cards (both 19.99% interest). I'm paying off the smaller one first. It will be paid off by the end of July. Then that money (all $400 of it) will be added to the next card so that I'm paying it $500 a month which should have it paid off by the end of the year. Sooner if I can swing it!
Then all of that money will go to my student loans. I owe more there but my interest rate is lower on those.
I have a plan that I'm happy with and am looking forwards to saying good bye to my debt!
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