Meanwhile, I found some inspiration in a friend from DC who's also trying to get rid of her credit card debt and asked me for advice over the weekend:
I'm trying to decide which of my two cards to pay off. One has a really high interest rate and the other has a lower balance. Which one should I pay off first?
I've been in that situation before and my choice has been get rid of the lower balance first, even though the card with the higher balance has the higher rate. Why? Psychology. You'll pay off the lower balance more quickly than the higher one, and seeing that balance dwindle to nothing gives you confidence in what you're doing. Think of it as a motivational tool.
Don't think the fact that the higher-rate card is costing you more in interest. Once you pay down the lower-balance card, you can make up for that by adding the money you were paying on the other card to the monthly payment you're making on the more expensive one, thus chopping away at the balance more quickly and reducing the amount of interest you'll pay over time. Good luck.
Anyone else have a story to share about how they cut down their credit card debt? Or how about a story about something you bought (or didn't buy) on sale over the Black Friday weekend? Post them in the comments!