Organize your debts. You’re probably asking yourself, “What the heck does that mean?” It means you need to sort your debt from lowest to highest. This is a critical step, as it will become one of your most important items later on. [Caution: You want to sort your balance amounts and not the amount borrowed.]
If you have the electronic spreadsheet, this step is a breeze. All you have to do is click a couple of buttons and the computer does it all for you. If you have to do it by hand, then it will take you a little longer depending on the number debts you have. Up the ladder you go!