Logically, and being completely financially astute about it, we should pay down the balances that carry the highest interest rates, first, when there is money due on multiple credit cards. However, psychologically, it often makes sense to try and use any extra available bucks on the cards that have the smallesttotalbalances. This is because it is a real victory - and a great feeling of progress - when a card is completely paid off. Hopefully, that card may then be "retired," either by actually tearing it up and notifying the card company to terminate it (ending any annual fees, etc., that may pop up); or, by at least burying the card deep in our sock-drawer, only to be used in an extreme emergency. Then, we can focus on the next smaller balance, while maintaining minimum payments on the other cards, until they are finally all paid off.

 

Are there any other examples you can think of, that accomplish big tasks by using small but consistent steps?