The Debt Snowball allows you to make a simple change to your behavior and systematically pay off debt at an accelerated rate.

After researching debt payoff strategies, I met with certified financial planner André Small, to see if it made more sense for me to take a debt snowball or avalanche approach. Here's what he shared.

Learn how to get out of debt in 2025 by following these four steps, starting with knowing what you owe and committing to a ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. With nearly 15 years of experience as a writer and editor in personal finance ...

Rising household debt has left many grappling for control, but a clear strategy can pave the way to financial independence.

No one wants to be burdened with loans. However, it’s inevitable at times to borrow money for important purchases such a ...

But instead of jumping right back into paying off their debt using the snowball method, they decided to tweak their plan and pivoted to paying off their car loans first. Even though many financial ...

Carrying a large balance increases your debt burden, hurts your credit score and negates any benefits you're getting from your card's rewards plan ... from family Paying off high-interest debt ...

But debt management plans typically come with fees, so you’ll want to verify the fee amounts and how they affect your overall payoff plan before making a commitment. Going through a nonprofit ...

If you’re one of the Americans sharing in a collective $1.14 trillion in credit card debt, as reported by the Federal Reserve Bank of New York, there are tools you can use to get your situation under ...

There’s nothing quite like the weight of debt. It can be downright exhausting. I know the feeling. Just four years ago, my wife and I set out to figure out how to pay off debt — nearly $30,000 worth — ...

Consider making a budget to help with paying down your balances or applying for a personal loan or a balance transfer card to help jumpstart a debt payoff plan.