debt snowball

Episode 007: The Debt Free Formula

This post may contain affiliate links or links from our sponsors. Read our disclosure policy here.

 

Debt Snowball vs Debt Avalanche

Money is 10% behavior and 90% fifth grade math. I want you to keep that in mind throughout today’s episode where we dissect the two main methods of paying down debt as quickly as possible: The Debt Avalanche and the Debt Snowball method.

The good news is they both get the job done because in the end if you stick to the formula, your debt will be gone!

However, I still only recommend one method over the other, and I will explain why in this week’s episode. The old saying goes, “There is more than one way to skin cat”.

That may be true, but in my opinion (and I am an expert in my opinion), there is one method that is so much better than the other, and is the only method I recommend. Knowledge is power, which is why I am showing you both, but at the end of the episode you will see there is a clear cut winner.

Thanks for listening in on another episode of the Money Peach Podcast.

-Chris Peach

 

Mentioned in this Episode

How to use the Debt Snowball

Download the Debt Snowball Form (PDF)

 

How to use the Debt Avalanche

Download the Debt Avalanche Form (PDF)

 

Awesome Money Course

 


0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *