How About a Snowball Fight?

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The debt-snowball method is a debt reducing strategy. How does it work? One who owes on more than one account pays off the accounts starting with the smallest balances first, while paying the minimum on the larger debts. Once the smallest is paid off you move on to the next smallest debt. This is an effective form of debt management that is most often applied to repaying revolving credit, like credit cards. Continue reading