HOW TO PAY OFF CREDIT CARD DEBT | Snowball VS Avalanche Method

Wondering how to pay off credit card debt fast?

Then, you have undoubtedly encountered the Debt Snowball and the Debt Avalanche method on your quest for a debt free life. But which one will help you pay off debt quickly? Which debt payoff method will make you debt free without too much struggle?

How does the Debt Avalanche work? Why is Debt Snowball Dave Ramsey’s favourite debt pay off method? Why does Dave Ramsey recommend Debt Snowball for paying off debt on a low income? Why does Dave Ramsey recommend Debt Snowball method when Debt Avalanche plan mathematically makes more sense?

You’ll learn the answer to all these questions and more in the next couple of minutes.

In this super short explainer video we’ll tell you how to do the Debt Snowball method, how Debt avalanche plan works and compare Debt Snowball and Debt Avalanche.

These two methods are ideal if you’re not too keen on complicated budgeting, if you need to pay off your debt on a low budget and either of them will help you become debt free fast.

Both Debt Snowball and Debt Avalanche work, the only difference is in just one detail! Watch the video to see whose side you’re on in the Debt Snowball vs Debt Avalanche match!

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[graywilliams_.]

Its quiet interesting how we reject the reality of our situation and expect to be able to observe it, control it and even change it. I used to be financially depressed until I read a book that made me realized that the secret to making a million is making better investments.

[charlesbrown-qxuw]

Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.

[pnjwck]

Being indebted sucks. All the best to you guys, stay strong!

[TriniDB]

Debt Snowball for sure. It gets you more hype to pay off your debt with each final payment.

[AK-eqxy]

I have used avalanche and yes it takes determination !

[Fortunly]

What is your opinion? Are there other methods that work better? Let us know!

[manningfinancial]

Watching Too Big To Fail is definitely a motivator for me, great film!! And the book of course is even better!! Great stuff!!

[anubisgod]

These are quite good for thought but everyone is in such unique situations that a mix of these are probably best.

How much are the minimum what's your income like? Are all debts official or are some private and thus have emotion interest etc etc

[nicolasnewcomb]

How are both faster? 2:07 is just straight up contradiction...