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Debt Repayment with the Snowball Method

The “Debt Snowball” is a strategy for debtors to tackle their debt in a way that takes advantage of human psychology. Essentially, one’s debts are listed out from smallest down to largest and all efforts above and beyond paying minimum payments are focused on paying off those on the top of the list. The smallest debts are paid off first. The largest debts paid off last.

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