Dealing with credit card debt can be a challenge, but fortunately there are several methods of tackling it. If you are trying to manage debt spread out across multiple credit cards, a very effective way to approach paying it off is known as the “debt snowball” method. According to Nerd Wallet, the debt snowball method focuses on paying off the smallest debts first, and then focusing on the bigger debts. 

So, you start small and get larger, just like pushing a snowball down a hill and watching it accumulate more snow. The debt snowball method is so popular since it helps front-load your progress. Paying off the more manageable debts first will help you notice visible change in the amount of debt you owe since the number of credit cards you owe debt on will disappear relatively quickly. If you are feeling as though you never see any progress on managing your debt, the snowball method will provide tangible evidence that, indeed, the debt is going away. 

The problem with this approach is that it does not focus on the high-interest debt necessarily, if the highest-interest debt you owe is not the smallest. If you focus instead on paying the highest interest debt down, this is called the “avalanche” method of debt payment, and it is recommended for those who are struggling with high-interest payments. 

But if your bigger problem is needing to see tangible progress to stay motivated, the snowball method is highly recommended. Depending on your particular level of debt, the snowball may end up costing you more money in the long run, but motivation in the form of small victories  is often worth the extra cost.