Tips to Grow Series -#1

Tips to grow 📈

Pick a debt payment method 💵

Do some research and find the method that works for you. Here are two types of debt payment methods, the Snowball and the Avalanche methods. Both methods were created to help you pay off your debts in an easy organized way!

Snowball Method
This method is used by Dave Ramsey. Focuses on paying the smallest balance first. This helps you build momentum quickly! Once one debt has been paid, then move on to the next and so on.

Avalanche Method
This method focuses on targeting the highest interest balances first. This option saves you more money in the long run.

You can always mix the two methods to create a system that works for you! No matter what method you choose, you still must pay the minimum monthly payments.