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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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‘They’re playing cute’: Trump ‘inclined’ to keep ExxonMobil out of Venezuela — here’s why – The Times of India

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‘They’re playing cute’: Trump ‘inclined’ to keep ExxonMobil out of Venezuela — here’s why – The Times of India


US President Donald Trump said that he may bar ExxonMobil from operating in Venezuela, criticising the oil giant after its leadership questioned the viability of investing in the country after the capture of former president Nicolas Maduro by US forces. Speaking to reporters aboard Air Force One on Sunday as he departed West Palm Beach, Florida, Trump said he was unhappy with the company’s stance. “I didn’t like Exxon’s response,” he said. “They’re playing too cute.” The remarks came days after Trump met oil executives on Friday in an effort to calm industry concerns about Venezuela. During the meeting, he told companies that any engagement would be handled directly with the United States rather than through the Venezuelan government. However, not all executives were reassured. Darren Woods, chief executive of ExxonMobil, described the current situation in stark terms. “If we look at the commercial constructs and frameworks in place today in Venezuela, today it’s uninvestable,” he said. On the same day, Trump also signed an executive order aimed at protecting Venezuelan oil revenues from being used in judicial proceedings. The order, released publicly on Saturday, warned that allowing such funds to be seized could “undermine critical US efforts to ensure economic and political stability in Venezuela.” The country has long faced state asset seizures, US sanctions and prolonged political uncertainty. Securing investment from US oil companies to help rebuild Venezuela’s infrastructure has become a key objective of the Trump administration following Maduro’s capture. The White House has presented the approach as an economic strategy, with Trump already having seized tankers transporting Venezuelan oil, announced that the US is taking control of the sale of 30 million to 50 million barrels of previously sanctioned crude, and stated plans to oversee those sales globally on an indefinite basis.



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39% of adults want to see ultra-processed foods banned – survey

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39% of adults want to see ultra-processed foods banned – survey



Two thirds of UK adults believe the next generation will suffer poorer health due to ultra-processed foods (UPFs) and 39% would like to see them banned, a survey suggests.

Some 59% of adults believe UPFs are “impossible to avoid” when shopping on a budget, the study for retailer Lakeland found.

Two thirds (66%) are worried about their effects on public health and 68% believe the Government should do more to protect people from them.

Two thirds (66%) also think supermarkets should take more responsibility for the UPFs they sell, and 77% want clear warning labels on food containing ultra-processed ingredients.

Three quarters (74%) say children should be taught at school about the dangers of UPFs and the importance of home cooking.

The survey found a quarter of adults (24%) do not know how to recognise the presence of UPFs in food products.

It found 31% have been cooking from scratch more in the last year, with 35% more in the last two years, and 44% in the last five years.

A fifth (19%) are cooking from scratch more regularly to avoid UPFs, while 25% are cooking from scratch more to save money and 26% for other health benefits.

However 44% say they do not have time to cook from scratch, 16% believe it is too complicated and 19% they think it would cost too much.

Wendy Miranda, customer brand ambassador at Lakeland, said: “There are clear benefits to cooking from scratch and knowing exactly what is going into the food we eat.

“We encourage our customers to think of the benefits, from nutrition to mindfulness to improving overall energy levels and simply feeling a sense of personal achievement with each cooking creation.”

The survey follows global experts warning that UPFs are a leading cause of the “chronic disease pandemic” linked to diet, with food firms putting profit above all else.

Writing in The Lancet medical journal in November, 43 scientists and researchers joined forces to argue that UPFs are “displacing” fresh foods and meals, worsening diet quality, and are linked to multiple chronic diseases.

Philip Toscano, including an increased risk of obesity, heart disease, cancer and early death.

Examples of UPFs include ice cream, processed meats, crisps, mass-produced bread, some breakfast cereals, biscuits, many ready meals and fizzy drinks.

UPFs often contain high levels of saturated fat, salt, sugar and additives, which experts say leaves less room in people’s diets for more nutritious foods.

UPFs also tend to include additives and ingredients that are not used when people cook from scratch, such as preservatives, emulsifiers and artificial colours and flavours.

The dietary share of UPFs remains below 25% in countries such as Italy, Cyprus, Greece, Portugal and across Asia, but it is 50% in the US and UK, the research said.

Mortar Research surveyed 2,000 UK adults in January.



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Adani to invest 1.5L cr in Kutch – The Times of India

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Adani to invest 1.5L cr in Kutch – The Times of India







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