Summertime can be fun, but all those trips can be costly. If you’ve built up debt over the summer, there may be some techniques to help you pay it down and get back in the black.
According to Lawrence Sprung, a certified financial planner and the author of “Financial Planning Made Personal,” trying the snowball method is helpful to many people—namely paying off the credit card with the lowest balance first to achieve a small win, helping you to build good habits and giving you the confidence to pay off more.