[Aleta]

We snowballed ours and I felt like it was more doable going from the smallest to the largest. My reasoning behind it was because when you have a smaller debt to get rid of; you can think of faster and easier ways to pay it off. Let's say that you have a debt balance of $200. and you are paying a minumum of $20. on it; all kinds of ideas start popping up to get rid of it. It's like eating an elephant one bite at a time. You might start thinking of how you can cut down your grocery bill to start throwing money at that debt. You might consider going out to dinner 1 less time, letting another week or two go before cutting your hair, opting out of that manicure that you can do yourself, sell aluminum accululating in your house, have a garage sale, and the list goes on. When you owe a large sum of money, it's harder to see the effect of what you are doing. While you were paying off that small debt, you were also paying on the rest and reducing them so by the time the one is paid off, number 2 is smaller also and you can use the first payment plus the present one (#2) to pay it off. It's mostly psychological but it keeps you focused.