Category: Paying off debt

Does It Matter Which Debts You Pay Off First?

Having too many debts can be overwhelming. Which do you pay first? Does it matter? Should you pay the creditor that screams the loudest first? Not necessarily. What Debt Should I Pay Off First? While Dave Ramsey’s debt snowball suggests listing your debts from smallest to largest and …

Pros and Cons of the Debt Snowball Method

When trying to pay off debt, it can help to have a plan. Instead of paying credit cards, car loans, medical bills, and other debts in random amounts each month or splitting your total payment evenly toward them, a plan such as a “debt snowball” can encourage you …