Ramit Sethi took to his site to address the difference between the two approaches, and how to best choose your way out of debt.

Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. Debt can be a significant source of stress. For example, ...

Debt repayment apps can reduce stress and help users understand their finances to make better decisions. Most debt payoff apps are free or have a low-cost version. Be sure to select a debt payoff app ...

Getting rid of debt is a goal many Americans have. Not only does eliminating debt improve your financial health, but it is also likely to have a positive impact on your mental health. Assessing your ...

Carrying debt can take an emotional and financial toll, so it’s best to pay it off as efficiently as possible. The snowball method has you getting rid of your smallest debts first. The avalanche ...

Learn the best strategies for whittling down what you owe, depending on how much debt you have. This page includes information about these cards, currently unavailable on NerdWallet. The information ...

In this series, NerdWallet interviews people who have triumphed over debt. Responses have been edited for length and clarity. Steven Donovan didn’t get an education in personal finance growing up. The ...

According to the Federal Reserve Bank of New York’s latest Quarterly Report on Household Debt and Credit, total U.S. household debt rose to $18.04 trillion in the fourth quarter of 2024. The average ...