The debt snowball and debt avalanche are two of the most popular methods for paying off debt. When you first start paying off debt, the most important thing is to have a plan. Without a plan, paying ...

The best way to pay off debt depends on what you owe. Explore strategies like the debt snowball, debt consolidation and debt ...

It’s that time of year when we look back on what we have and haven’t accomplished and decide what to tackle in the second ...

"Less ideal debt" is for buying an asset that drops in value, like a car loan, or has a high interest rate, like credit cards. "Necessary debt" is used to buy an asset that can rise in value, like a ...

Paying Off Debt McClary says that if you’re able to zero in on paying down debt, “the golden rule” dictates that you first pay attention to high-cost debt without any collateral, such as high-interest ...

Consumer debt is reaching new heights — it increased by 18.3 billion dollars in the second quarter of 2025 — and even though the Federal Reserve just lowered interest rates slightly, it’s become more ...

It's the time of year when even the best-laid budget plans get thrown aside, and credit-card balances start climbing. During the holiday season, it's common to set expectations high, which can easily ...

These days, it can feel impossible to stay on top of credit card debt. The cost of living is going up, inflation is on the rise and job growth is slowing. And more Americans are falling behind on ...

Katharine Paljug is a financial writer and editor with over a decade of industry experience. Her writing has covered nearly every aspect of the financial world, from investing in forex to paying for ...