Debt Stacking (Prioritizing High-Cost Debt)

What It Is:

Paying off debts in order of interest rate (highest first) while making minimum payments on others. A quick way to estimate how long it takes an investment to double.

Why It Works:

Example:

Focus on a 19% credit card before a 5% car loan.

FAQs:

Is debt stacking better than the snowball method?

Stacking saves more interest; snowball helps motivation. Use a hybrid approach if you need momentum.

Practical Tip: