Which is to say, the speaker has acknowledged that the accounting shenanigans used to get this bill passed in the teeth of statutory spending constraints are basically bullsh**. But thereâs a lot of bullsh** going around Washington just now.
So then I tried the âlittle debtsâ approach. You knowâ¦ Pay off the smallest debt, then take the payment you were making on that and put it against the next debt. Thatâs often called the debt snowball, and the idea behind it is that seeing that âwinâ early is supposed to motivate you.
Pay off the credit card with the highest interest rate first, while paying the minimum on other cards. Once your highest-interest-rate card is paid off, move to the card with the next highest rate, and so on. You are better off paying your debt down than you are moving it around to other cards with lower rates.