Have you heard
about debt avalanche before?
Not exact matches
If you're serious
about debt payoff, try the
debt avalanche or snowball method.
Be realistic
about what you can accomplish, and consider using the
debt avalanche.
One of the most powerful things
about this spreadsheet is the ability to choose different
debt reduction strategies, including the
debt snowball effect (paying the lowest balance first) or the
debt avalanche (highest - interest first).
This is clear in our firm standpoint on «
avalanche» being way superior to «snowball» as a
debt repayment method — check out our article on the matter if you have no idea what I'm talking
about!
«Hi Steve, I'm drowning in
debt —
about 60,000 — but was managing to pay off some accounts and really wanted to do the John Commuta thing,
debt avalanche... go that route.
I'm drowning in
debt —
about 60,000 — but was managing to pay off some accounts and really wanted to do the John Commuta thing,
debt avalanche... go that route.
What I like
about the
avalanche method is that I am mathematically making a difference in my
debt — and I can see that my interest payments are getting lower.