I recommend you begin by paying extra money on the credit card with the lowest balance. Some experts recommend you start by paying off the credit card with the highest interest rate, and if you’re disciplined and know you will stick to your plan, go ahead and do that. But I think you’ll have a better chance of success if you pay the credit card with the lowest balance first. You’ll feel a wonderful sense of accomplishment when it’s paid off. Congratulate yourself for such an awesome accomplishment. Now, it’s time to move on to the card with the highest interest rate. And, if possible always pay more than the minimum on your credit cards.
Way to go! You’ve got your debt reduction plan in place. Remember that small steps can lead to big results. Don’t get discouraged that it’s going to take months even years to pay off your credit card debt. I promise you—when you’re debt free—you feel a sense of freedom that will knock your socks off!
