Debt Pay Off Strategy - The Snowball Method

The snowball method is a popular debt pay off strategy, and it tells you to focus on the debt withthe lowest balance first. But ultimately, your student loan debt probably has an interest rate of five % or less, and that credit card debt probably has eight ten % or more. The only caviat there is that if you get a four o one k match through your employer, you definitely want to be contributing up to the match. And i think efficiency is key when it comes to things that can feel as demoralizing as debt payoff.