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 ...

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 ...

The “snowball method” is going viral on TikTok, with its creator claiming it’s the fastest way to pay down debt. Dave Ramsey, the famed finance expert who is the brains behind the budgeting hack, ...

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 ...

Carrying debt can take an emotional and financial toll, so it’s best to pay it off as efficiently as possible. The avalanche method aims to save you money on interest. Are you ahead, or behind on ...

I recently saw a snowball stand at a local event and immediately thought two things: 1) I really needed one, and 2) these are just as satisfying as a debt snowball — where you’re crushing high ...

Ramit Sethi has been helping people improve their finances for more than a decade. His book "I Will Teach You To Be Rich" has thousands of Amazon reviews and continues to resonate with many people on ...

Understand common debt repayment strategies you can use to pay off your balances and learn strategies for preventing further debt Many consumers carry higher credit card balances than ever, with ...

Becoming debt-free starts by assessing your budget and determining how much you can realistically afford to put toward your ...