Today’s step is to pay down your debt.
There are two recommended methods to use to pay off your debt. It is a matter of personal preference on which one to use.
The first is to make a list of your debts from the smallest amount to the largest. Pay the minimum amount due on each debt. Then with any extra money, apply it to the smallest debt. Once the smallest debt is paid off, pay your minimums on all and apply the payment and any extra to the next debt. Continue doing this until they are all paid off.

The next method is to list your debts from the highest interest rate to the lowest and do the same as the last step.

Some people say that if you pay off the smallest debts first, when you see a quick win you will keep the momentum going.

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