Why the Debt Snowball is the best way to get out of debt

There are a lot of different theories and systems out there for reducing debt. Some say pay off your highest interest rate first. Some say pay extra on all debts. Some say pay the lowest balance first. Some say invest first, then pay extra on debts. Some say the opposite. Which one is best? I prefer the debt snowball technique. [...]

Myths vs. Truths

Consolidating debt works much better for the bank than it does for you. [...]