Debt Repayment Blizzard

Talking FACS · May 23, 2023 · 12m · transcript

Host: Mindy McCulley, Extension Specialist for Instructional Support, Family and Consumer Sciences Extension, University of Kentucky

Guest: Dr. Nichole Huff, Extension Specialist for Family Finance and Resource Management

Season 5, Episode 33

As we wrap up Financial Literacy Month, Dr. Nichole Huff comes back on Talking FACS to discuss two different but similar ways to reduce debt. She shares information about the "Snowball" and "Avalanche" repayment strategies which seek to either reduce the total number of bills you need to pay monthly, or reduce the amount of interest you are paying on…