Dealing with debt is challenging. You may sometimes feel like there’s no way out. To make your debt more manageable, you can try a strategy. Two of the most popular methods are the debt snowball ...

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 ...

The debt snowball is Baby Step 2 of my plan for getting out of debt and gaining control of your finances. Specifically, it’s the part of the plan where you sit down with your budget, and look at all ...

What is Snowball vs Avalanche? Snowball and avalanche are two of the most popular debt reduction strategies. As you become ...

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 ...

The “snowball method” is going viral on TikTok, with its creator claiming it’s the fastest way to pay down debt. Dave Ramsey, the famed finance expert who is the brains behind the budgeting hack, ...

When I finished graduate school, I had $72,000 in student loans weighing me down. But less than a year after graduation, I’d paid it all off, thanks to the debt snowball method and some hefty ...

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 ...

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 ...

Finances FYI is a weekly series providing straightforward finance tips and best practices to help improve financial literacy. Debt can be a helpful tool, helping us pay for things we need, like a home ...

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 ...