PRIORITISING YOUR DEBT Snowball method: lowest balance first Standard method: highest APR first How it works Pay the minimum on all cards, but pay more on the card with the lowest balance. Once you pay off the first card, repeat with the next-lowest balance. Pay the minimum on all cards, but pay more on the card with the highest interest. Once you pay off the first card, repeat with the next-highest-APR card. Why it works This is all about psychology and small wins. Once you pay off the first card, you’re more motivated to pay off the next one. Mathematically, you want to pay off the credit
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