Build Momentum

The magic is in the rolling payments. Say you have three debts: a $500 store card (min payment $25), a $3,000 credit card (min $75), and a $10,000 car loan (min $200). You're paying $300/month total. You find an extra $100, so you throw $125/month at the store card.

The store card is gone in about 4 months. Now that $125 rolls up to the credit card — you're paying $200/month on it instead of $75. It disappears way faster. Then that $200 rolls into the car loan, and you're paying $400/month.