After researching debt payoff strategies, I met with certified financial planner André Small, to see if it made more sense for me to take a debt snowball or avalanche approach. Here's what he shared.

The best debt pay-off plan for you is the one you can stick to. The debt avalanche method will generally cost you less over time since it attacks your highest-interest debt first. However ...

try to build up at least a small emergency fund as you pay down your debt. Without a financial safety net, unexpected costs could easily disrupt your payment plan and send you spiraling further ...

According to Khalfani-Cox, this was an important step in the process of getting out of debt. Before she got aggressive about her payoff plan, she was only making minimum payments each month.

If you take out a 401 (k) loan, you’ll temporarily have fewer funds invested. In the case of withdrawals, the money will be ...

For those with "low incomes and high levels of debt," another option may be an income-driven hardship plan, said Experian. Similar to a payment plan, this can divide your balance "into smaller ...

Some 13% of 401(k) participants have an outstanding loan against their retirement savings, according to a recent study, with an average $10,708 loan amount. Using a 401(k) loan can be useful, but ...