Five debts. $500 extra per month beyond the minimums. Pick your strategy — avalanche or snowball — then race the interest clock to zero.
Every month, all minimums get paid. Your extra $500 goes to ONE focus debt. The strategy decides which one.
Attack the highest interest rate first. Mathematically optimal — minimizes total interest paid. Requires patience: the first win can take a while.
Attack the smallest balance first. Fast early wins build momentum and morale. Costs a little more interest — buys a lot of motivation.