The debt snowball method is a debt repayment strategy that focuses on paying off smallest debt first while making minimum payments on the rest. The debt snowball method can help you gain payoff momentum and confidence as you eliminate your debts one by one. You’ll start by paying your smallest debt off first, the next smallest debt off second, and so on. You can picture each amount paid off as a snowball gaining more and more momentum down a slope. Read more about how to use snowball method to pay off debts here –
Infographic Source: https://www.credello.com/debt/debt-snowball/
Tags Debt Snowball Payoff Debt
Check Also
What are the Best Saving Options for Senior Citizens
As people age and reach retirement age, their financial needs and priorities often shift. Many …