I found a great software package called Rapid Debt Reducer that will calculate how a debt stacking plan would work for you. It also has options to group the debts by highest or lowest balance, minimum payment, etc.
Check it out:
Many people feel you should pay off the highest interest rate debts first and work your way down. The idea being that you will reduce the amount of interest you pay as you work through the debt stacking program. Still, others feel you should pay off the smallest balance first and work your way up to the higher balances. The idea here is that there is a psychological feeling of accomplishment as you pay off your debts. Getting rid of the little ones will show improvement and encourage you to continue. Either way, Rapid Debt Reducer will show you each scenario to help you make an informed decision.
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