the present invention is directed to a method for managing and paying off a plurality of loan debts comprising the following debts a ) identifying the debts with the highest periodic interest expense ; b ) determining an extra payment value to be placed ; c ) making a payment of the debt with the extra payment to be paid on the debt with the highest periodic interest payment ; d ) paying off the payment with the highest periodic interest payment ; and e ) paying the payment on the first debt and the extra payment on the debt with second highest periodic interest payment .