Sentences with phrase «debt avalanche approach»

This is the debt avalanche approach, and it has them putting their extra money first towards their credit card, then towards their student loans, and finally towards their auto loan.

If you want to adopt debt avalanche approach in paying off the debt, the debts will be arranged as follows:

In order to start the debt avalanche approach, you would take your debts and list them by interest rate, descending (highest interest rate first).

We're applying a modified debt avalanche approach to crush our debt.

The debt avalanche approach, on the other hand, involves paying the loan off that has the highest interest rate first while making the required minimum monthly payments on the other loans.

Using the debt avalanche approach is good for those who want to pay off their debt and save as much money as possible.

If one or more high rate, high balance debts remain, however, the debt avalanche approach to debt repayment can save a bundle.

Not exact matches

The second approach is called the debt avalanche.

The first, called the debt avalanche, is the more common approach.