If you’ve found yourself in debt, it can be a scary situation. You owe money and with the interest accruing, the debt will keep getting bigger if you don’t pay it down. However, it can be difficult to know how to begin paying off your debt and intimidating to confront the issue. That’s where we come in – in this article, we’ll be discussing two tried and true debt-crushing methods. You’ll learn the steps to both processes, see the pros and cons of each, and be able to figure out which method will be most effective for your own, personal situation. Ready to crush that debt for good? Let’s learn about the snowball and avalanche methods of paying off your debt:
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