Re: Snowball Debt Reduction - Myth or Magic?
Largest % first, unless you have teeny tiny ones and feel you aren't disciplined enough to stay the course. If you are paying down all big ones, and you are watching it chip away on a regular basis, you will be motivated. By the way, if anyone gets a tax return, they need to alter their W4 and increase their dependents. Then they can take that extra $$ in their paycheck and use it to pay down debt instead of giving it to Uncle Sam interest free for a year. But congratulations to everyone beginning the climb out of the hole!
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