Debt Snowball
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📝 Description
The debt snowball is a personal finance method for debt reduction. In this method, the person lists debts from smallest to largest, regardless of interest rate, and commits extra money to pay off the smallest debt first, while making minimum payments on larger debts.
🎬 Why Smart People Make Stupid Money Decisions - Dave Ramsey
🤖 Why This Product Was Mentioned
"The speaker uses the debt snowball method and teaches others how to attack the little debts first. Pay off a little $500 credit card and try it again."
