There is so much debate on this issue in the financial world. Some experts say to pay off the smaller balances first to get instant gratification. While others say, it’s better to pay off the high-interest rate cards first regardless of the balances. The first method (smaller balances) is called the “Debt Snowball Method.” The […]
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How To Get Out Of Debt Using The Debt Avalanche Method
When you think about the power of an avalanche versus the power of a snowball, which one is greater? The clear winner is the avalanche. So, why would you try the Debt Snowball Method when you can use the Debt Avalanche Method instead to wipe out your debt? Which debt repayment method do you think […]
Continue ReadingHow to Use the Debt Snowball Method
If you owe money on multiple credit cards, you may be wondering where to focus your efforts and which card to pay off first. Some financial experts believe, when attempting to manage your debt, you should aim to eliminate the card with the highest interest rate first. While this method is very effective, if the […]
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