Technically, you should focus on the highest-interest debt first, but the snowball method is great if you need the psychological boost of clearing smaller debts quickly.
I’m doing smallest to largest. The snowball method has been really effective for me—I’ve got just three debts left.
I’d focus on high-interest debt first, especially credit cards if you had any. What kind of debt is making up the $43k? Knowing that might help narrow down your options.
Ellis said:
I’d focus on high-interest debt first, especially credit cards if you had any. What kind of debt is making up the $43k? Knowing that might help narrow down your options.
It’s car loans, a student loan, and a couple of smaller balances for things like tires and a side-by-side. No credit card debt.