debt avalanche

Debt Avalanche vs Debt Snowball: Which One is Best for You?

Personal Finance / By Tuhin / May 17, 2023

If you feel trapped in debt, you are not alone. As of September 2022, consumer debt in the US is $16.5 trillion, with the average American, having $96,371 in debt. Choosing the right repayment strategy and sticking to it is the key to effectively chipping away at your debt over time. The two most popular …

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Why Debt Avalanche is Your Best Debt Repayment Strategy

Personal Finance / By Tuhin / May 17, 2023

What is debt avalanche strategy? Debt Avalanche is a very popular and effective debt repayment strategy. It focuses on paying off the most expensive debt first, followed by the debt with the next most expensive debt, and so on. This strategy involves concentrating on paying off your highest-interest debt first, contrary to the debt snowball …

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