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As we approach winter, which do you prefer: avalanche or snowball?

Both are tried-and-true approaches to reducing debt. The difference between the two is the order in which you pay off each balance.

The avalanche method starts at the top and pays high interest debt off first. Over time, you’ll pay less interest, but it takes discipline to get there.

The snowball method targets the lowest balance first, and although it’s more expensive in the long run, it yields quicker immediate positive results – and we all like quick results.

Which is best for you? Let’s tailor a strategy together.

Ideally for peak financial health, avoid accumulating too much debt, as the New York Times article talks about below. And be careful, especially this time of year. These hand-picked articles offer more helpful tips and info for this holiday shopping season.

Credit Card Debt Is Bad for More Than Just Your Finances

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A new study says that worries about repaying debt may lead to poor health later in life. So here…

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When Is It Too Late to Buy the Hottest Gifts Online?

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Tips for scoring a gaming console, in-demand toy or other hard-to-find holiday gifts this year:…

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The Basics of Financial Responsibility

Nov. 1, 2021

Between the Secure Act and the Cares Act, retirement savers and retirees are grappling with a…What does it mean to be financially responsible? It’s a complex question with a complex answer,…

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Understanding The Diderot Effect To Overcome Overspending

Oct. 28, 2021

The Diderot Effect is this: “the introduction of a new possession into a consumer’s existence…

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Considering a Roth IRA Conversion? There’s No Time Like the Present.

Nov. 2, 2021

Now could be a good time to think about converting your traditional individual retirement account into a Roth IRA. ..

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