Debt Snowball or Debt Avalanche?

No matter which way you dice it, getting out of debt is tough. Unless you win the lottery, odds are you’ve got your work cut out for you (and let’s face it, most lottery winners land themselves back in debt anyway). The two most popular debt elimination methods are the debt snowball and the debt avalanche. The question is, which one will get you the best results? The Snowball The debt snowball is designed to knock out small debts early so that you free up those monthly payments. To do this method, write your debts in order from smallest balance to largest balance. If you’re tempted to look at the interest rate, don’t; it serves no purpose in this debt reduction plan. Once your debts are list

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Profit First Coach

info@craigdacy.com |   (512)573-4387

Austin, TX

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