5. Gain momentum by laddering your debts
Once you’ve listed out all of your debts from highest interest rate to lowest interest rate, start paying as much as you can each month toward the card with the highest interest rate. Then once that debt is paid off, apply what you were paying toward that debt to the card with the second highest interest rate and so on. This will save you the most money over time. And once the debts start to disappear from your list, you’ll be able to gain more momentum and stick to your plan.
You’ll be able to finally see the light at the end of the tunnel once you’ve paid off the first debt, and then you’ll feel accomplished and encouraged to take on the next one!