Are you in debt? Well, according to Transunion, many of us are — at least when it comes to credit cards.
If you answered “yes,” then my guess is that you really want to get out of debt and need a debt reduction strategy.
Once you come to this decision and begin looking for ways to get out of debt, you’ll likely find two methods:
- The Snowball Method
- The Avalanche Method
Let me briefly describe both — and which one is better.