Two of the most popular strategies for debt elimination are the debt avalanche and debt snowball methods. More often than not, the debt snowball method is cited as the “best” way to pay off debt.

Facing down multiple debts can feel absolutely overwhelming. Between hefty monthly payments and high interest rates, it's no wonder many people feel paralyzed when it comes to getting their finances ...

If you’re not familiar, Dave Ramsey‘s “7 Baby Steps” program is designed to help you take control of your money. Step 2, in particular, is designed to help you pay off all of your debt. Ramsey says ...

Note that the situation for student loans has changed due to the impact of the coronavirus outbreak and relief efforts from the government and many lenders. Check out our Student Loan Hero Coronavirus ...

Ramit Sethi has been helping people improve their finances for more than a decade. His book "I Will Teach You To Be Rich" has thousands of Amazon reviews and continues to resonate with many people on ...

I recently saw a snowball stand at a local event and immediately thought two things: 1) I really needed one, and 2) these are just as satisfying as a debt snowball — where you’re crushing high ...

The debt snowball method of paying off debts in order from smallest to largest can help you rack up quick wins for motivation. Many, or all, of the products featured on this page are from our ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South ...

Ashley Eneriz is a financial writer who has been published on a myriad of sites. She has 10+ years of financial writing experience. Investopedia / Nez Riaz There are two popular strategies for paying ...

Ben Luthi is a contributor to Buy Side from WSJ and an expert on credit, loans, insurance, student loans, retirement and travel. If you are eager to get out of debt and have some room in your budget, ...