Episode 85: Debt Snowball vs Debt Avalanche

Are you in debt? Do not worry, so many of us are. School does not teach us anything about debt, it does not teach us what debt is, how to use it, how not to use it, what interest rates are, what capital payments/interest only repayments are, why it can be good and why it can be bad.

As a result many find ourselves in a lot of debt and do not know where to start. The debt avalanche & debt snowball methods are two ways to pay off your debt. Remember, the first step it to understand how much debt you are in and then to understand your income/outgoings.

In this episode, I explain the debt avalanche & snowball method + a bonus tip.

Thanks for listening. I also take topic requests so please email me at monsui@icloud.com

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