During Ramsey's Baby Step #2, we pay off all our debts besides our house mortgage.
In the Ramsey system they like to do the Debt Snowball.
They have you pay off the smallest debt first then put that money to work on the next one …. Until you are finished. It gives you small wins and rolls up the debt payoff nicely.
I (Russell) prefer the Debt Avalanche method … and not just because I grew up in Montana and Utah. This way you pay off the highest interest debt first. You just keep chipping away, but you are knocking down the interest the quickest this way.
On this forum you can post your situation and we can talk it through. The best method is whichever one will keep you motivated to finish. 😀
Here are some other guys ideas:
The Money Guy Show
Debt Avalanche vs Debt Snowball
Next Level Life
Financial Tortoise
