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Avalanche, Snowball Or Blizzard? The Smartest Way To Repay Your Loans

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Avalanche, Snowball Or Blizzard? The Smartest Way To Repay Your Loans


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Borrowers can choose the repayment method that fits them, as managing multiple loans like credit cards, personal, home, or auto, often delays payments and increases interest

Many borrowers seek ways to clear their loans quickly. (Representative/Shutterstock)

Many borrowers seek ways to clear their loans quickly. (Representative/Shutterstock)

Taking a loan for purchasing a home or covering personal expenses has become a necessity for many. The middle class, in particular, often relies on loans for significant projects. Paying EMIs over an extended period can become a burden, prompting many borrowers to seek ways to clear their loans quickly.

Banking expert Ashwini Rana suggests three effective methods for rapid loan repayment: Avalanche, Snowball, and Blizzard. Customers can choose the most suitable method based on their individual circumstances. Many people juggle credit cards, personal, home, and auto loans at the same time, which delays repayments and increases interest costs.

How The Avalanche Method Helps Pay Off Debt Faster

The Avalanche Method involves keeping EMIs low on all loans while using any extra funds to pay off higher-interest loans first. For instance, if credit cards charge up to 36% interest, prioritise paying them off. Next, address personal loans with up to 14% interest, followed by auto loans with 9% or more interest, and finally, allocate funds towards home loans with approximately 8% interest.

How Can You Use The Snowball Method

The Snowball Method focuses on paying off the smallest loans first, regardless of their interest rates. After clearing one smaller loan, use the remaining funds to pay off other small loans. This approach is psychological, as quickly paying off one loan motivates borrowers to eliminate all their debts. Ensure that any money saved from lower EMIs is used solely for loan repayment.

How Does The Blizzard Method Work?

The Blizzard Method combines psychological and financial strategies. Initially, invest in paying off a smaller loan 1-2 times, then shift focus to a higher-interest loan. This approach not only motivates borrowers but also results in financial savings. Additionally, using bonus amounts can help expedite loan repayment.

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The NBA doesn’t just want to build a European basketball league — it wants to revolutionize the international pro game

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The NBA doesn’t just want to build a European basketball league — it wants to revolutionize the international pro game




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Major UK supermarket to stop selling mackerel in coming weeks

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Major UK supermarket to stop selling mackerel in coming weeks


Waitrose is set to remove mackerel from its shelves amid escalating concerns over unsustainable fishing practices.

The retailer said that it is the first major UK supermarket to suspend sourcing of the popular fish.

It said that fresh, chilled, and frozen mackerel, primarily sourced from Scottish waters, will be unavailable to shoppers by 29 April. Tinned varieties will follow once the current stock is depleted.

Conservationists are welcoming the move and urging other supermarkets to follow suit.

The measure comes as governments have repeatedly failed to implement catch limits recommended by scientists, jeopardising the long-term viability of mackerel stocks.

The International Council for Exploration of the Sea (ICES) has issued stark warnings, advising a 70 per cent reduction in catches for 2026 across all regional mackerel stocks compared to 2025’s recommended levels.

With the stock consistently fished above sustainable thresholds, this translates to a 77 per cent cut on the 755,143 tonnes scientists estimated would be caught in 2025.

Mackerel’s sustainability rating has worsened in the face of overfishing (Alamy/PA)

Overfishing has resulted in depleting mackerel stocks in the north-east Atlantic, with Ices saying the species, and the wider fishing industry, could face long-term risks unless countries stick to recommended catch limits.

Waitrose said the decision in December by four of the coastal states which fish mackerel to cut catches by 48 per cent was a step forward, but did not meet Ices advice.

North-east Atlantic mackerel will no longer meet the supermarket’s responsible sourcing requirements in line with the Sustainable Seafood Coalition codes of conduct, the retailer said.

Jake Pickering, head of agriculture, aquaculture and fisheries at Waitrose, said: “By suspending sourcing of mackerel at Waitrose we are reinforcing our ethical and sustainable business commitments, acting to tackle overfishing and protect the long-term health of our oceans and this crucial fish.

“Our customers trust us to source responsibly, and we are closely monitoring the fishery.

“We look forward to bringing mackerel back to our shelves once it meets our high sourcing standards.”

As alternatives, Waitrose is launching a new range of fish products including hot smoked herring, hot smoked peppered herring and hot smoked sweetcure seabass, all of which are Marine Stewardship Council (MSC) certified.

The retailer said it would also introduce MSC-certified frozen sardines from May as a sustainable replacement for frozen mackerel, and plans to become the first retailer to sell 100 per cent MSC tinned sardines.

Waitrose said it would maintain its relationship with its mackerel suppliers and its new supply of herring, seabass, sardines and trout will be sourced through current supplier partnerships.

But there is currently no predetermined time-frame as to when Waitrose will start sourcing mackerel again.

The International Council for Exploration of the Sea has issued stark warnings, advising a 70 per cent reduction in catches for 2026 across all regional mackerel stocks compared to 2025’s recommended levels

The International Council for Exploration of the Sea has issued stark warnings, advising a 70 per cent reduction in catches for 2026 across all regional mackerel stocks compared to 2025’s recommended levels (Alamy/PA)

Marija Rompani, director of ethics and sustainability at the John Lewis Partnership, said: “We believe sustainable food production must balance climate action, nature protection and responsible fish sourcing is fundamental to protecting our oceans.

“We will continue to work closely with suppliers and industry partners to support the recovery and responsible management of fish stocks.”

Charles Clover, co-founder of conservation charity Blue Marine Foundation, said mackerel – one of the largest remaining commercial fish stocks in the north-east Atlantic – had declined 75 per cent in the last 10 years because fishing nations, including the UK, had overfished it.

“They have put too little effort into the task of reaching agreement on a sharing arrangement – and some countries have been awarding themselves more quota than is justified by science,” he said.

“This crisis has been ignored for too long.

“We hope that this action by Waitrose sends it to the top of the political agenda. We call on other retailers to follow Waitrose’s example.”



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If Your Salary Never Lasts Till Month-End, These 5 Mistakes Might Be Why

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If Your Salary Never Lasts Till Month-End, These 5 Mistakes Might Be Why




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