Asked by Jeanine  |  Submitted April 11, 2018

What is the best way to pay down debt? The debt snowball or money envelope method?

Report Question Report

  Leave Answer

Sign in to MoneyTips
By submitting you agree to our Terms of Service

  Answers  |  1

April 11, 2018

A recent study shows that the best method for paying down debt quickly was the Snowball Method. However, every situation is unique and it's important that you find not only the best method according to a study, but the method that will work best for you and your individual situation.

Good luck!

$commenter.renderDisplayableName() | 10.01.20 @ 23:47