Paying down debt seems straightforward: you borrow, you pay back, you don’t owe anymore. Yet, the average American household owes $137,063 in debt, and that total jumps to about $13 trillion in debt when including all U.S. consumers.
Fear not: Debt isn’t a death sentence dooming you to a lifetime of ramen while living in your mom’s basement. A simple strategy can help you pay off debt efficiently. Better yet, a strategy can set you up for financial success in the future. Debt snowballing is one such strategy. Read More