Snowball or Avalanche? The Simple Plan to Clear Debt

The complete UK guide to paying off debt. I'll show you how to work out your spare money, why you must always pay the minimums, the Snowball vs Avalanche methods (with a worked example), and the free UK debt advice services you should use — StepChange, Citizens Advice, National Debtline and PayPlan. Plus the warning about paid debt management companies. Part of the Quids In UK personal finance flowchart series. :gb: Chapters 0:00 Intro 0:54 Step 1: Make a Budget 1:46 Step 2: Always pay the Minimums 2:30 Step 3: Pick Your Method (Snowball) 4:30 Step 3: Pick Your Method (Avalanche) 5:38 Comparison: Snowball vs Avalanche 7:10 Step 4: Get Some Free Advice 8:02 Step 5: Stay the Path 8:30 Outro ⚠️ Disclaimer: The content provided in this video is for general information, entertainment, and educational purposes only. It does not constitute financial, investment, tax, or legal advice. I am not an authorised financial adviser. This information does not take into account your personal financial situation, goals, or risk tolerance.