Debt Snowball vs Avalanche Method: Best Way to Pay Off Debt?

What is the best way to pay off debt? In this video, we compare two popular debt payment methods: the debt snowball and debt avalanche methods. It can be challenging to get out of debt, but our expert debt writer Sean Pyles is here to help. Sean weighs in on which method might be better for you — and how your personality can actually factor into the decision. At the end of video, he shares which method he prefers.

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[YAK_INC]

Thank you sir . This was the video I needed to take initiative in my finances

[karenmorente]

Hi remember to always pay a little over the minimum every month raising your credit score. The amount over can be just five or ten bucks over each month but it LL. Improve your credit. So while you use either method for long term results and motivation remembering this little over the minimum method your debt will continually improve as you're saving interest .

[temporaryhandle]

A lot of people, probably: "hospital... Bill?"

[husammusallam]

I need help, Is there any way to contact you directly?

[zakkaustin]

OKAY SOUND GOOD WHEN YOU HAVE MONEY TO FIGURE OUT.. WHAT ABOUT THE 90% AMERICANS WITH NO MONEY lol

[maryhamiltonfrank]

Is it a good idea to borrow your on money from a savings account to pay out a car loan .

[christopherthomas]

The best way to pay down pay off or manage debt is not to add to it. Good luck with that these days 😳

[blackhatves]

Dave Ramsey says snowball and I don't wanna get screamed at by Dave Ramsey. So if I ever get debt I'm doing snowball in order to keep Ramsey at bay.