Comparing Snowball Method and Avalanche Method to Pay Off Debt

Paying off all your debt can seem like an impossible task, especially if you can only manage to pay the minimum required amount each month. Fortunately for you, there are multiple strategies to help you pay off that balance. Two of these strategies are the snowball and avalanche methods. Learn about each method to decide which one will work best for you.

Using the snowball method to pay off debt 

The larger your debt grows from having multiple loans and credit cards,