Debt repayment methods

[Kakashi2020]

I usually have debts in my business and what I do is pay the minimum due or just the interest of the smaller debts and pay whatever I can to lessen the bigger debt which has the biggest interest. Doing this would give me a sense of motivation in paying off the largest debt first and when it's fully paid my mindset would be to pay the lesser debts next which would look easier to do because I've paid the biggest debt already. So it's like a reverse snowball effect.