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Tag: Debt Avalanche

Debt Snowball vs Debt Avalanche: Which Strategy is Best for You

Choosing between the debt snowball and debt avalanche methods depends on your financial habits. The snowball focuses on quick wins by tackling smaller debts first, while the avalanche saves money by prioritizing high-interest debts. Assess your needs!

How to Implement the Debt Avalanche Repayment Method

Start by listing your debts from highest to lowest interest rate. Focus on paying off the highest interest debt first while making minimum payments on the rest. Once it's paid, move to the next highest, accelerating your debt repayment journey.