Partner Colorado Blog

What’s the Best Way to Tackle Debt?

hands using laptop and cell phone

Getting rid of debt isn’t easy, but if you’re ready to do what it takes, you can shake off any amount of debt. Let’s explore the pros and cons of two popular approaches for paying down debt, the snowball method and the avalanche method.

The snowball method

This approach involves focusing on paying off the smallest debt first and then working on the next-smallest debt until it’s all paid off.