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 ...

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 ...

If you’re not familiar, Dave Ramsey‘s “7 Baby Steps” program is designed to help you take control of your money. Step 2, in particular, is designed to help you pay off all of your debt. Ramsey says ...

When it comes to eliminating debt, two popular strategies stand out: the Snowball and Avalanche methods. Each offers a unique approach to tackling debt, and understanding their differences is crucial ...

When you’re drowning in a pool of accumulating debts, figuring out how to emerge isn’t always straightforward. With varying interest rates and payment terms, some people lose faith that they can ...

Americans aren’t strangers to debt. The average consumer owes a little over $6,000 on credit cards, per the Federal Reserve, which is problematic given the rate at which credit card interest can ...

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 The debt avalanche and the debt snowball ...

A couple shaking hands with a financial advisor. Being saddled with debt can be stressful, especially if you're balancing that struggle with saving for long-term goals like growing your family or ...

Facing down multiple debts can feel absolutely overwhelming. Between hefty monthly payments and high interest rates, it's no wonder many people feel paralyzed when it comes to getting their finances ...