Rebell states: "You make minimum payments on everything, and throw as much as you can toward the debt with the highest interest rate. Once you've paid off the debt with the highest interest rate, roll that payment toward the next debt with the highest interest rate. Repeat until you've paid off all your debt. Like an avalanche, there's no stopping it once momentum starts."

Authors

• Person: Not available Organization: Business Insider
  Debt snowball vs. debt avalanche: Which strategy is right for you?

Sources

• Debt snowball vs. debt avalanche: Which strategy is right for you? www.businessinsider.com Business Insider via serper

Referenced by nodes (1)

• Debt Avalanche method concept