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Best way to pay off Debt
So you've decided to pay off all your debts! Great. You can attack your debts using one of two basic methods. This calculator will compare these two methods.
1) The "Debt Snowball" method. Pay off the debt with the smallest balance first. This method is popularized by financial advice personality Dave Ramsey
2) Pay off the debt with the highest interest rate first.
1) The "Debt Snowball" method. Pay off the debt with the smallest balance first. This method is popularized by financial advice personality Dave Ramsey
2) Pay off the debt with the highest interest rate first.