The purpose of this disclosure is to explain how we make money without charging you for our content.
Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.
Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.
Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.
Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.
To find out more about our editorial process and how we make money, click here.
Paying off your credit card balances and other debt can be daunting. Where should you start? How do you keep going? Make a list of all the debts you owe, says millennial money expert Stefanie O’Connell. Then start by paying off the debt with the smallest balance, using what’s known as the snowball method—that is, starting off with the least intimidating debt and working your way up. In theory, you’d save more money by attacking the debt with the highest interest rate first. But thre’s some evidence that you’re more likely to stick to your debt repayment program using the snowball method.