The “snowball method” is going viral on TikTok, with its creator claiming it’s the fastest way to pay down debt. Dave Ramsey, the famed finance expert who is the brains behind the budgeting hack, ...

Two of the most popular strategies for debt elimination are the debt avalanche and debt snowball methods. More often than not, the debt snowball method is cited as the “best” way to pay off debt.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South ...

Ashley Eneriz is a financial writer who has been published on a myriad of sites. She has 10+ years of financial writing experience. Investopedia / Nez Riaz There are two popular strategies for paying ...