Debt 📈
5Memos
Avalanche Method: An aggressive way to slash your debt
If you're in debt, like 75% of Americans are, you may wonder what the best way to pay it off is. That depends on your personality, the type of debt you have, and the amount of debt you have. If the Snowball Method is too tentative, you may prefer the more aggressive Avalanching.
Snowball Method: A simple way to get motivated to pay off debt
There are many types of debt, from a note owed on a house or a car to student loans to credit card balances to predatory payday loans. Not all debt is created equally. Some debts, paid consistently, like a student loan or mortgage can actually help your credit score.