I am intrigued as I am in the middle of paying down debt. So I looked the Snowball method up online. Here are simple instructions on how it works:
Step 1: List your debts from smallest to largest.
Step 2: Make minimum payments on all your debts except the smallest.
Step 3: Pay as much as possible on your smallest debt.
Step 4: Repeat until each debt is paid in full.
I am going to give it a try.
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