There is always a lot of heated discussion on which is the best method to reduce debt: the classic highest interest snowball method:
1. Make a list of all your debts, ordering them from highest interest rate to lowest interest rate.
2. Set aside a specific amount of money that will go toward paying these debts each month.
3. From the amount you set aside, make the minimum payment on all debts. Whatever money is still left over goes toward the debt with the highest interest rate.
4. When you finish paying off the debt with the highest interest, continue the same method. You make the minimum payment on all debts, and all of the extra money goes toward paying down the debt with the now-highe