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12 Nov, 5 tweets, 2 min read
Vee Weir, 29, started out in 2016 with $32,000 worth of student loans, personal loans, and auto loans.

This is how she used the “debt avalanche method” to pay it off. Presented by @Fidelity.

businessinsider.com/millennial-who…
Before starting to tackle her debt, Weir realized she needed to find ways to spend less. She decided to lock up her money to stop her spending.

businessinsider.com/millennial-who…
To save more, Weir knew that she needed to make a budget and stick to it. She made a point to live intentionally and within her means in order to increase the amount of money she had free for debt payoff.

businessinsider.com/personal-finan…
The "debt avalanche method" focuses on tackling the loan balance with the highest interest rate first.

This maximizes your savings on interest. Van Weir found this was the best repayment strategy for her.

businessinsider.com/millennial-who…
The “debt snowball” method pays off the smallest debts first. Weir felt like this didn’t work for her. Which payment plan do you prefer?

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9 Nov
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