Debt Snowball vs. Avalanche: Which One?
Which Debt Payoff Method Is the Best For You? If your debt is holding you back, you need a strategy to deal with it. There are two main approaches for paying off debt: the...
Category: Debt Avalanche
See blog articles relating to the debt avalanche payoff method. Also known as debt stacking, it’s mathematically the most effective way to payoff debt.
New Hybrid Payoff Method: Debt-to-Interest Ratio
There is a new hybrid debt payoff method available as of today called the Hybrid (Debt Ratio). The idea behind this plan is to bring together the best parts of the snowball and avalanche payoff...
Debt Snowball Payment Calculator (no signup required)
I’ve been wanting to add this tool for quite a while and I finally had some time to work on it. This calculator will let you plug in your account information and budget and...
My Debt Snowball Progress Over Time
I’ve been working on paying down my debt for close to 4 years using a combination of different methods like the debt snowball, debt avalanche as well as variations of the two. I’m a...
Shaking Up the Debt Snowball with a 401(k) Loan
An Aggressive Approach to Paying Down Debt and Increasing Your Debt Snowball I’ve been doing a pretty good job of paying down my debt and building up the debt snowball over the past few years. Unfortunately...
How to get out of debt with the snowball method
What’s a debt snowball and why do I need to be doing it? The debt snowball method is a debt reduction strategy for revolving credit (credit cards and other unsecured lines of credit) that...