New Lesson Released – Debt Snowball and Avalanche

We’re thrilled to announce the latest addition to our Personal Finance Resources – an interactive lesson on Debt Snowball and Debt Avalanche strategies!

What are Debt Snowball and Debt Avalanche?
Debt Snowball and Debt Avalanche are two powerful techniques for accelerated debt repayment. Both methods can save individuals thousands of dollars in interest and help them pay off their debts much faster than by making minimum payments.

The process involves applying extra funds each month to pay off one debt at a time. Once a debt is paid off, its payment amount is rolled into the next debt, accelerating the repayment process. This means while your total monthly payments remain the same, the time it takes to pay off debts decreases dramatically.

The primary difference between Debt Snowball and Debt Avalanche is the order in which debts are paid off. You can read the full lesson to dive into the details and see which method works best for different scenarios.

Note: To access this lesson, please login to your StockTrak professor account.

Interactive Calculator Included!

One of the best features of this new lesson is the interactive calculator, which allows students to visualize how each debt is paid off using both the Debt Snowball and Debt Avalanche methods. It’s a great way for students to see these strategies in action!

This lesson is just the latest addition to our Financial Literacy Resource Library, available with our StockTrak and budgeting games for all classrooms. We hope your students will learn how to effectively manage debt with these powerful repayment techniques!

Happy Learning!
-The StockTrak Team

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