The Right Order to Kill High-Interest Debt
Debt avalanche vs snowball: avalanche saves the most interest, snowball clears your smallest debt fastest for momentum. Pay minimums on all, throw every extra dollar at one.
Pay Down Debt or Invest? A Simple Decision Rule
Should your spare cash pay down debt or go into investments? Rank every dollar by its guaranteed return and clear anything above about 6 to 8 percent first.