6 second take: When facing debt, it can be difficult to navigate how to best pay down what you owe. Here are two tried and tested methods.

If you’ve ever taken out a loan, you know that it can be tough to come up with a plan to repay your debts. Given that the average American owes over $90,000 in individual debt according to a study by Experian, it’s more important than ever to ensure that you have a payment plan in place.

Individuals often compare the snowball vs the avalanche methods of tackling debt. Though some people might prefer the snowball to the avalanche, both have pros and cons, and both can help get you on the path of repayment.

Here is a quick guide to compare the snowball vs the avalanche methods of debt repayment.