Debt Stacking By taking into account the interest rate and amount of debt, Debt Stacking identifies a way for you to pay off your debts. You begin by making consistent payments on
all of your debts. The debt that debt stacking suggests that
you pay off first is called your target account. When you pay off the target account, you roll the amount you were paying toward your next target account. As each debt is paid off, you apply the amount you were paying to that debt to the payment you were making on the next target account. Debt stacking allows you to make the same
total monthly payment each month toward all of your debts and works best when you do not
accrue any new debts. You continue this process until you have paid
off all of your debts. When you finish paying off your debts, you
can apply the amount you were paying towards your debt toward creating wealth and financial
independence!