<prompt> Human: Heres the breakdown:Car Payment Minimum Payment: 173.59Interest: 4.65Left to Pay Off: 7,876.64Credit Card Minimum Payment: 112Interest: 11.90Left to Pay Off: 8,076.21I currently pay the minimum payment on my car every month, and throw about 200 on the credit card each month. I know the snowballing method would require me to pay off the lower interest rate debt first, but considering my debt for each is about the same, and the interest rate for the credit card is considerably higher, I m wondering if Im better off paying down my credit card as quickly as possible and just making the minimum payments on my car payment each month. My take-home pay is 2,000month, so I cant really afford to put more than 400 towards my debts each month after all my other bills are taken care of. Has anyone else been in a similar situation? Has the way youve handled using the snowball method been successful? Id appreciate any advice. Thanks!  <response>: You should absolutely pay off the higher-interest debt first. This is known as the debt avalanche method, as opposed to the debt snowball method. The debt avalanche will always save you the most money and will get you out of debt at least as quickly as the snowball method would. Edit: Just to put some real numbers to it, if you have 375 a month you can put towards these debts in some fashion:If you do the debt snowball, youll be debt free in 53 months and pay a total of 3,647.17 in interest.If you do the debt avalanche, youll be debt free in 51 months and pay a total of 3,072.45 in interest. So youll be done two months sooner and save almost 600 by putting extra money towards the credit card. 