1. List all your debts from smallest balance to largest.
  2. Commit to pay the minimum payment on every debt.
  3. Review your budget to find anything extra you can use to go towards debt.
  4. Pay the minimum payment plus extra amount towards that smallest debt until you pay it off.
  5. Once you pay a debt in full, add the old payment from the first debt to the minimum payment on the second smallest debt- that will be your new payment amount for the second smallest debt.
  6. Repeat the process until you pay all your debts in full.