The debt snowball method of paying off debts in order from smallest to largest can help you rack up quick wins for motivation. Many, or all, of the products featured on this page are from our ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South ...

Dealing with debt is challenging. You may sometimes feel like there’s no way out. To make your debt more manageable, you can try a strategy. Two of the most popular methods are the debt snowball ...

Ashley Eneriz is a financial writer who has been published on a myriad of sites. She has 10+ years of financial writing experience. Investopedia / Nez Riaz There are two popular strategies for paying ...

When I finished graduate school, I had $72,000 in student loans weighing me down. But less than a year after graduation, I’d paid it all off, thanks to the debt snowball method and some hefty ...

Note that the situation for student loans has changed due to the impact of the coronavirus outbreak and relief efforts from the government and many lenders. Check out our Student Loan Hero Coronavirus ...

Two of the most popular strategies for debt elimination are the debt avalanche and debt snowball methods. More often than not, the debt snowball method is cited as the “best” way to pay off debt.

Facing down multiple debts can feel absolutely overwhelming. Between hefty monthly payments and high interest rates, it's no wonder many people feel paralyzed when it comes to getting their finances ...

Brittney started her writing career in the world of science, putting her physics degree to good use. Her journey into finance started with building her personal credit, but soon grew into a borderline ...

If you’re not familiar, Dave Ramsey‘s “7 Baby Steps” program is designed to help you take control of your money. Step 2, in particular, is designed to help you pay off all of your debt. Ramsey says ...