The “snowball method” is going viral on TikTok, with its creator claiming it’s the fastest way to pay down debt. Dave Ramsey, the famed finance expert who is the brains behind the budgeting hack, ...

John Egan is a veteran personal finance writer whose work has been published by outlets such as Bankrate, Experian, Newsweek Vault and Investopedia. Managing Editor, Global Data and Automation for ...

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.

The debt snowball method is a debt elimination strategy that can quickly provide a sense of accomplishment and motivation. With the debt snowball method, you make minimum monthly payments on all debts ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South ...