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Per Dave Ramsey, use the "snowball" method. This is to pay the minimum on all bills and put all you can on the smallest outstanding balance to pay it off quickly. When this item is done, take the allotment and attack the next lowest balance with it. Repeat the process, and as balances are paid off, the dollar amount to apply to the next bill will get larger, and like rolling a snowball into a large ball of snow.

Go to daveramsey.com for web tools, books and find out about Financial Peace University, available across the country, and as an individual course.

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