+3 votes
by (240 points)
I will be coming into some money in the next few weeks. around $6000 I owe about $17000 in credit card debt. should I save it or use it to pay off my credit cards? If so, which method is better snowball or avalanche? I wanna pay off my credit cards by the end of the year. I’m currently a graduate student with a part time job. Any advice is helpful
I will be coming into some money in the next few weeks.

2 Answers

0 votes
by (150 points)
I would put money away for an EF if you don’t already have it, pay up any bills you may have, and they apply to credit card debt
0 votes
by (1.7k points)
I would recommend you watch this video of Miko’s where she shows exactly how to compare the snowball vs avalanche method so you can make your own debt payoff plan. I found it very interesting!  
https://youtu.be/xyVm4aP3GXY
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