There are two, rather well known methods for reducing debt:
Method 1 involves listing your debts smallest BALANCE to largest BALANCE and paying extra towards the account with the SMALLEST BALANCE, regardless of that accounts interest rate.
Method 2 involves listing your debts highest INTEREST rate to lowest INTEREST rate and paying extra towards the account with the HIGHEST INTEREREST rate, regardless of that accounts balance.
I’ve created a poll. If you could use only ONE of the above methods, which method would you choose? Want to tell the world “why” you chose that method? By all means, leave a comment and let us know! Let the voting begin!