Paying off consumer debt is one of the best things you can do with your savings. Once you get out of debt, you can really start making a lot of progress on the path to wealth.
Having a lot of debt can feel like you're being sat on by a sumo wrestler. Not fun! But like most things in personal finance, there's a technique you can use to kick your opponent (in this case debt) in the face and claim victory once and for all! The debt snowball method is a process of implementing the [...]