Hi guys! This week, I wanted to talk more about a practical application of paying off debt. Last week, we touched on the avalanche and the snowball methods of paying off debt early. The avalanche method focus on paying off the debt with the highest interest rate first. The snowball method focuses on paying off the debt with the lowest balance first. Using the monthly net pay of $2,500 that we started with last week, let’s take a detailed look at the snowball method.
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