Snowball Method vs. Avalanche Method

Debt is the ultimate killjoy. It can destroy a budget, make long-term financial planning impossible, and shadow every purchase you make with guilt. No one wants to live with that debt burden. But how do you kiss your debt goodbye? Let’s take a look at two popular approaches for paying down debt and explore the pros and cons of each.

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APR vs. Interest Rates

When comparing long-term loans, the interest rate and the annual percentage rate (APR) are often confused. While the interest rate refers to the annual interest expense of the loan, the APR reflects the annual cost of borrowing money from the lender. Clear as mud? Don’t worry; we can help.

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