You’re ready to pay off debt, but what’s the best way to go about it? Should you use the debt snowball method or the debt avalanche?
If you’ve been in debt for a long time and want to get out of debt for good, the debt snowball is highly likely to be best. (I’ll go into why later.)
But there’s more to it than that, so read on for details, especially if “but won’t I pay more interest if I use a debt snowball instead of a debt avalanche?” just popped into your head.