Tagged With: debt snowball

If you’re still unsure about what method to use to pay off your debt

If you’re like most people, you’ve got some form of debt. It could be a car loan, it could be credit cards, or it could be “good debt” like student loans. No matter, it’s got to go.¬†You need to get out of debt if you’re ever going to build any kind of wealth. Seriously. The … Continue reading »

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The Debt Math Throwdown (or testing the debt snowball)

  In my discussion about how to pay off your debt, I mentioned how there were primarily two schools of thought: pay off the highest interest rate first, or pay off the smallest debt first (a.k.a. “the debt snowball”). The debt snowball camp points to the psychology of the method as ensuring its success. The … Continue reading »

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How to figure out which debt to pay off first

  If you’re like most people, you have a few credit cards here and there, maybe a student loan payment, and perhaps a car payment. In addition, maybe you own a house and have a mortgage payment. That’s a lot of bills to manage. How do you tackle paying them off? Do you pick one … Continue reading »

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