“If you want to pay off debt and save money on interest, the debt avalanche method is one of the most effective strategies.”
“Here’s how it works: Identify the credit card with the highest interest rate—that’s the one you want to tackle first. While making minimum payments on your other debts, put every extra dollar toward the high-interest card.”
“This method may take more discipline than the snowball method, but it saves you significant money on interest over time. By eliminating the most expensive debt first, you’re reducing the interest you’ll pay overall.”
“Stick with the avalanche method, and not only will you become debt-free faster, but you’ll also keep more money in your pocket.”
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