How To Guide For: A Look At The Debt Stacking Method & Debt Avalanche Method

In my previous post I discussed the debt snowball method so now lets talk about the debt stacking method. The debt stacking method also known as the debt avalanche method is a method in which a person pays off accounts with the highest interest rate first. The debt avalanche method helps you save money because you are paying the balances with the highest interest rates. The longer it's going to take you to pay off your debt, the more you will benefit from the avalanche method. When you don't pay off your high interest debts first, they will continue to accrue and compound interest, increasing faster than your lower interest debts would in the same amount of time. The debt stacking method/avalanche method will cost you less than the debt snowball method. But in order for the debt avalanche method to completely work you have to have the motivation to follow it through all the way to the end. So which method is best for you. Well the answer is it really depends on your financial situation. There is so much to learn about the debt stacking/debt avalanche method -- to get more information on this method click the pictures below to read the articles.