toΒ upgrade
IdeasΒ fromΒ books,Β articlesΒ &Β podcasts.
In the debt avalanche method, you pay your debts from the highest interest rate to the lowest interest rate, regardless of balance.
You will pay less in interest if you pay off your debts in this order. You will also pay it off faster.
STASHED IN:
312
MORE IDEAS FROM THE SAME ARTICLE
With this method, you pay off your debts from the smallest balance to the largest balance, regardless of interest rates.
The supporters of the two methods are both enthusiastic about which one to use. However, it barely matters which system you use. The best approach is the one that keeps you motivated.
10 Reactions
Comment
created 5 ideas
49
Comment
10.3K reads
created 4 ideas
1
Comment
901 reads
created 2 ideas
[2/4] Personal Finance is a very crucial concept that is often ignored. This is an attempt to spread awareness related to personal finance.
1
Comment
78 reads
β€οΈ Brainstash Inc.