We explore effective methods for managing debt: the Snowball Method, Avalanche Method, and Consolidation. Each method offers unique advantages, from gaining momentum by paying off smaller debts first (Snowball Method), to strategically tackling high-interest debts (Avalanche Method), to simplifying payments through consolidation. Remember, the information provided is for educational purposes only. Be sure to research and consult with a qualified financial advisor to determine the best strategy for your specific financial situation.