Compare the debt snowball and avalanche methods to find the best strategy for paying off credit card debt based on your financial goals, motivation, and interest savings.

Owing a lot of money on credit card debt can be very frustrating, and it can also create serious problems for your finances, ...

Compare the debt snowball and avalanche strategies to determine the best approach for conquering your debts for a smooth ...

In both cases, keep paying your bills, at least the minimum.ALSO READ >> A nonprofit that can help you erase credit card debtThe “avalanche” method: you focus on paying the debt with the highest ...

Why The Debt Avalanche Method Is Better Than The Debt Snowball Method The debt avalanche method can get you out of debt sooner and result in lower interest payments. By prioritizing high-interest ...

Debt snowball: Win small, win often With the snowball, you pay the minimum on everything and then apply the additional $300 to the lowest amount first. In our example, that’s the $1,500 medical bill.

Debt snowball: Win small, win often With the snowball, you pay the minimum on everything and then apply the additional $300 to the lowest amount first. In our example, that’s the $1,500 medical ...

Key takeaways Several different strategies can help you get out of credit card debt — from payoff plans like the avalanche and snowball methods to consolidation products like balance transfer ...