Infographic: The Most Efficient Way to Pay Off Debt

Not all debt costs you the same.

By ranking your loans by interest rate (highest to lowest) and paying extra toward the most expensive one first, you cut down your long-term costs, often by a lot.

After you eliminate the highest-interest debt, just work your way down the list.

It’s straightforward, effective, and minimizes how much you pay over time.

Avalanche Method of Debt Repayment

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