Living paycheck to paycheck is something millions of Americans struggle with. With very little money left over after bills and necessary living expenses, it’s almost impossible to save money or pay off debt as quickly as you want. Some people swear by the debt snowball or debt avalanche methods. The debt snowball method involves paying off the debt with the lowest balance first, and then snowballing those payments to the next largest debt and so on. The debt avalanche method involves paying off the debt with the highest interest rate first.