Marriage Kids and Money: Personal Finance for Families Debt Snowball vs. Avalanche: Which Is Right For You?
When you’re starting out on your debt free journey it can be overwhelming deciding which debt payoff method to choose. In today’s episode, I chat with you about the two most popular debt payoff methods, the Debt Snowball Method and the Debt Avalanche Method. We talk about which one is right for you, debt consolidation pros and cons, and why 0% APR credit cards may be a strategy to consider (with caution)!
Debt Free Living Segment:
Maeghan Jones, Atlanta-based real estate professional, joins the Marriage Kids and Money podcast to discuss how her family paid off $90k of debt, doubled their income, and changed their entire lives with financial literacy.
RESOURCES:
OTHER EPISODES YOU MIGHT LIKE:
- Allison Baggerly: Become Debt Free While Still Enjoying Life
- How We Became Debt Free After Paying Off $50,000 in 1 Year
- How to Stick to a Budget – with Kumiko Love from The Budget Mom
MKM RESOURCES:
- Make My Kid a Millionaire Course: Want to make your kid a millionaire? Learn more about my course!
- MKM Coaching: Want 1-on-1 support with your family finance journey? Book a time with me today.
- YouTube: Subscribe for free to watch videos of these episodes and interviews.
- Instagram: Follow our IG channel.
- Voicemail: Leave your question or comments here.
- Merch Store: Check out our t-shirts, hoodies, and coffee mugs!
SHOW INFORMATION:
Marriage Kids and Money is dedicated to helping young families build wealth and happiness. This award-winning platform helps couples and parents achieve financial independence and discover the true meaning of wealth.
To achieve these big goals, we answer questions and interview experts who uncover smart net worth building habits and tools that can help everyone find their own version of financial independence.
Learn more at https://www.marriagekidsandmoney.com
HOST BIO:
Andy Hill is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness.
Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of downloads and views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.
When he's not "talking money", Andy enjoys being a soccer Dad, singing karaoke with his wife and watching Marvel movies.
DISCLAIMER:
- This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products.
- Opinions are the creators alone.
- Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice.
- Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.
CREDITS:
- Podcast Artwork: Liz Theresa
- Editor: Podcast Doctors
- Podcast Support: Weir Digital Marketing
Learn more about your ad choices. Visit megaphone.fm/adchoices