Here's our answer: Goetta is made by blending a unique mix of ground pork and beef, combined with onion and steel cut pinhead oats, a great blend of spices, and slow cooking it for hours. Eckerlin Meats goetta combines high quality, lean pork and beef products and fresh ground spices. We slow cook ours in small batches to ensure that quality. After the goetta is cooked, we chill it and form it into blocks.
If you have a certain amount of money available to pay off a portion of your credit card debt each month, even if that certain amount changes, there is a mathematically correct way of paying off that debt. You can call this approach the Debt Avalanche. It is similar to Dave Ramseyâs popular âdebt snowballâ method, with one small but important detail: With the Debt Avalanche you will pay off your debt faster and pay less total interest to banks and lenders. The simple calculation for the Debt Avalanche requires only the interest rates for each debt account.
The debt avalanche method differs from the debt snowball method because rather than focusing on the smallest balance, it focuses on the highest interest rate. Imagine an avalanche, which starts at the highest peak and cascades downward. Similarly, the debt avalanche method requires you pay down the highest interest rate loan first while paying the minimum balance on the rest of your loans. So if you have loans at 7.9%, 6.8% and 4.5%, you would work on eliminating your 7.9% interest rate loan first first, regardless of the balance. Once youâve paid it off, youâll then focus on the 6.8% loan, then the 4.5% loan. I employed the debt avalanche method to pay off my student loans. For me, given my interest rates and student loans balances, it just made sense. Here are the pros and cons of using the debt avalanche method. Pros: You save money on interest (win)! Youâll pay off your loans faster. Cons: It can be hard to sustain motivation. It may feel like it takes forever to pay off the high-interest debt. Debt snowball or debt avalanche: which one is best? Both the debt snowball and debt avalanche methods will get you to the same destination â a debt-free life. Choosing the right strategy for you really depends on your goals and how youâre motivated.