Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South ...

The typical American household carries $15,762 of credit card debt. With the average credit card interest rate hovering around 13.35% today, that means households could easily spend more than $2,000 ...

The debt snowball strategy motivates you to get out of debt by focusing on your smaller balances first. You can use the debt snowball to achieve quick wins, build up momentum and improve your ...

Digging yourself out of credit card debt can seem intimidating, but having a clear plan and strategy can make the process more manageable. Two methods to consider are the debt snowball and debt ...

GREENSBORO, N.C. — Three out of four Taxpayers get refunds. It's been that way for years and years and years. So, what do most folks do with the refund money? According to a GoBanking.com survey: 25% ...

The journey to improving your financial health is similar to improving your physical health. There's usually a breaking point or epiphany that inspires you to make a change. Then you set a goal and ...

One of the most popular ways to pay off your debt is the Debt Snowball method. You can use the Snowball Calculator to figure out which debts should be paid off first: Generally speaking you should ...

Personal finance experts love to argue about the best approach to shrinking your debt: paying off loans with the biggest balance first vs. tackling your highest-interest debt. This debate can get as ...