Hello everyone! My name is Brenda Butnick, and I’m a Financial Coach at Jewish Family Service in Dallas. I work one-on-one with clients to help them achieve financial self-sufficiency.

In my last blog, we discussed the first step in Best Practices to Get Out of Debt. Today, we’re moving on to Step 2.

Getting out of debt is a multi-step process, and this week we’re focusing on how to choose a repayment strategy.

Step 2: Choose a Repayment Strategy

• Debt Avalanche Method: Prioritizes paying off debts with the highest interest rates first.
• Debt Snowball Method: Focuses on paying off the smallest debts first.

I’ll be sharing Step 3—Considering Debt Relief Options—in my next post on Friday, December 12th.

That’s all for your Financial Fitness today!

Until next time—take care and stay financially fit!