I’m working on my budget and planning to pay down debt. I’m don’t know whether I should use the snowball or avalanche method. Here are my debts and bills:
Car note $520. 6.85% interest 22k balance
Capital One $61.00. 4% interest $5K balance
Chase IHG $264.00. 0% interest $4K balance
Chase Disney $58.00. 4% interest $4@ balance
Citi $50.00. 0% interest for 15 mths $2K balance
Navy Fed $52.00. 0% interest for 18 mths $4K balance
Discover $41.00 4% interest $4K balance
AMEX $50.00 26% interest $2K balance
Netflix-$25 Hulu/Disney-$0 (Amex card benefit) Dropbox-$120 paid annually in sept Google-$10 Apple (iCloud)-$10 GEICO -84.00 twice monthly 1st and 15th Cellphone-$100 Kids savings $200 bi-weekly Kids allowance $100 bi-weekly My savings 500 twice monthly Moms allotment-150 twice monthly USAA-250.00
No rent utilities Income bi-weekly $2800
What would you suggest…avalanche or snowball? Any advice welcomed!!
