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Debt Snowball Method Benefits
- The debt snowball method focuses on paying off debts starting from the smallest balance to the largest.
- This method builds momentum by freeing up cash flow as debts are cleared, motivating continued progress.
Ernie's Quick Win Story
- Ernie shared how paying off a small medical debt first gave her a quick win and motivation.
- That early success made the debt pay off journey feel exciting and achievable for her.
Pause Before Redirecting Cash
- Avoid automatically redirecting all freed-up cash from a paid debt to the next one.
- Pause to reassess your financial situation and possibly adjust your budget for true expenses or lifestyle changes.