The idea behind the Debt Hybrid (Debt Ratio) plan is to bring together the best parts of the snowball and avalanche payoff methods so that you can pay debts off quickly and effectively while at the same time maintaining your motivation. The snowball debt payoff method is popular because it allows y...read more
The Cash Flow Index (CFI) payoff method is a way to identify the debts that have the most impact on your cash flow and pays those off first. By prioritizing these debts, you can free up cash and cut down on required monthly payments. This plan appeals to people who value the flexibility of lower mon...read more
In general, the best way to decide which debt to payoff first is to start with the debt with the highest interest rate and work your way down from there. From a purely mathematical standpoint, the debt avalanche (highest interest rate first) payoff method is the most effective way to pay down debt. ...read more