Debt Snowball Method VS. the Debt Avalanche – NSC Series
Debt Snowball Method VS. the Debt Avalanche
I’m sure you’ve heard the terms before, especially if you are fighting tooth and nail to get rid of that debt. The debt snowball method and the debt avalanche have been around for as long as I can remember. The big question is – which one is better?
My wife and I have been aggressively fighting our debt for a few months now, though we have had debt for much, much longer than that. We worked toward paying them off, but we didn’t have a system and our efforts kind of… fell flat.
I’m sure all you readers can relate. You work and work and work to pay off these debts, living paycheck to paycheck and sacrificing as much as you can, but you still aren’t reaching your goals. Your debts are threatening to crush you, they’re emotionally killing you, they’re holding you back, but no matter what you do, you can’t seem to get ahead.
What’s the problem? Why can’t you make a dent in those debts?
If you aren’t making progress on your debt repayment, you probably don’t have a good debt repayment method in place.
Once my wife and I started utilizing our debt repayment method, we made huge strides in our debt repayment leading to paying over $20,000 off in a few short months! You could be debt-free by now if your debts were $20,000 or less, but even if they’re not, you could be well on your way to debt freedom.
As I said before, the biggest question to consider in this scenario is which debt repayment system is better?
Let’s take a look at the debt snowball method VS. the debt avalanche.
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