Not time for snow...

So I have received a few questions about why I have not decided to use the tried and true debt repayment scheme of the "The Debt Snowball."

For those of you who do not know this concept, you set aside how much you can put on your debts in a month, pay the minimum on all but one card (either with the highest interest rate, or lowest balance - depending on who you talk to) and you put all of the extra money and any other pennies that you can on that debt until it is paid down. Repeat with next debt in the series until - Voila! no more debt.

Basically, there is one main reason why I have not done the snowball - FEAR! As you can see the balances are quite high, and cards #2 and #3 are close to their limits with reasonably large interest payments. To try and gain control over these cards I want to make sure I am paying more than the minimum for now until I have some wiggle room to decrease the payment and concentrate on card #1. All cards are being paid more than the minimum (as said before, based on a 3 year payoff plan) but I am worried that if I focus all of my energy on one debt too quickly the rest will fall apart because I am not properly prepared for the undertaking.

Don't get me wrong, the snowball is a good system, I just need to be in a more secure place before I go Rambo on card #1.