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#36 - The Debt Question... Snowball or Avalanche?
Budget Nerds
The Debt Snowball Methods
The debt snowball method involves paying minimum, minimum payments on all your debts. Then you pick the one with the smallest balance, go after that one with everything you got. And then when that one's done, you go on to the next one. Ernie: This can be really powerful for people who have a lot of small debts or just a lot of individual debts.
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