Video
Step 6: Pay It Down!
Explore the different ways you can apply your Debt Destroyer® Dollars.
Watch the video for Step 6, then use the Debt Destroyer Tool to analyze your situation and build a plan of action.
The Keys to Success
- The Avalanche Method prioritizes applying extra dollars to the highest interest rate debt first, while paying minimums on all others.
- The Snowball Method prioritizes applying extra dollars to the lowest balance debt first, while paying minimums on all others.
Don’t want to do it alone?
The nonprofit Money Management International can help you create a repayment plan that lowers your interest rates and leverages the Avalanche and Snowball methods to maximize the value of your monthly payments. See how much you could potentially save .