Ashley Eneriz is a financial writer who has been published on a myriad of sites. She has 10+ years of financial writing experience. Investopedia / Nez Riaz There are two popular strategies for paying ...

The debt snowball strategy motivates you to get out of debt by focusing on your smaller balances first. You can use the debt snowball to achieve quick wins, build up momentum and improve your ...

Two of the most popular strategies for debt elimination are the debt avalanche and debt snowball methods. More often than not, the debt snowball method is cited as the “best” way to pay off debt.