Avalanche or Snowball Method: Which Is Right for You?
Whether you have debts piling up due to credit cards, medical bills, student loans, or another type of debt, paying them all off might seem like an impossible task. You want to keep your monthly payments manageable, but you also don't want high-interest rates to continue racking up your balance. When you're looking at strategies for paying off multiple debts, consider two popular options: the avalanche method and the snowball method.