What Is the Debt Snowball Method? It's Not What You Think

Credit cards are extremely convenient and offer both greater security for your money as well as the ability to earn money back (and other rewards) on your spending, so it makes sense that they're so popular. Unfortunately, since credit cards can be easy to get and are unsecured (meaning, they're not tied to a specific asset, the way your mortgage loan is secured via your home), it can also be easy to get in over your head with credit card debt. This is especially true after this last year of rampant inflation forced so many Americans to rely on credit cards to keep their heads above water.