20 Truths About Holidays and Debt You Need to Know Right Now

The debt avalanche method is the most efficient way to get rid of your debts

For those who want to pay off their holiday debts as efficiently as possible, the “debt avalanche” approach means taking on your highest-interest debts (such as credit cards) first and leaving your lowest-interest debts (like mortgages or auto loans) until you’ve sufficiently fought back against the most onerous interest charges.