Table of Contents
Key Takeaways
- The average American carries $7,000-10,000 in credit card debt—you’re not alone
- Interest rates average 18-24%, meaning you’re losing $1,000+ per year just to interest
- The snowball method (smallest balance first) works best psychologically; avalanche (highest interest first) saves the most money
- Even small increases to your payment ($50-100 extra/month) cut your payoff time dramatically
- The plan is identical regardless of balance; execution is what differs
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