Snowball Method vs Avalanche Method: Debt Payoff Strategies

In this video we briefly discuss the major differences between the two most common debt payoff strategies: The Snowball Method and The Avalanche Method. Both of these methods are commonly used and can be extremely effective.

00:00 Introduction
00:08 Avalanche Method
00:57 Snowball Method
1:44 Which is better for you?


_______________________________________________________________________________________
We are passionate about spreading financial literacy. Far too many people don’t understand the basics and get themselves into unimaginable amounts of debt with no clear way out.

Our goal is to help people get out of debt, stay out of debt and invest for their future.

To be a guest on our show email us "GUEST" at [email protected]

OUR STUDIO IS LOCATED IN BERGEN COUNTY, NJ

IF YOU NEED HELP BUT ARE CAMERA SHY
We provide a one on one consultation. We’ll dive into the debt you’ve been ignoring and provide you with a flexible budget to fit your unique needs. Just email us with your contact info and “BUDGET HELP” in the subject line.

We are not CPA’s or financial advisors. Everything we do is for informational and educational purposes only. We do not guarantee results.
_______________________________________________________________________________________
#personalfinance #finance, #howtobudget ,#financialsuccess, #budgetingtips, #financialeducation ,how to manage money, money and marriage, money management, personal finance for beginners ,marriage and money, personal finance podcast, personal finance 101, personal finance club, financial success stories, personal finance basics, dave ramsey, caleb hammer, caleb hammer financial audit, retire, early ,retirement planning, retirement, roth ira ,401k ,investing, real estate, saving, stocks, ramit sethi, credit cards, debit cards, saving, how to save, saving with a low income, saving money, save money, saving for beginners, credit cards for beginning, 457b, 403b, sep ira, solo 401k, hight interest debt, how to get out of debt, how to pay off loans, how to pay off student loans, student loans, ramsey solutions, ramsey, #creditcard #credit #creditscoreboost