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Just as your debt can snowball into larger and larger amounts, it also can be reduced by adopting the debt snowball method of repayment.
The debt snowball method is among the strategies you can employ to decrease and ultimately eliminate your debt. It works by concentrating on paying off the smallest amount of debt first, then paying off the next highest amount and so on before gradually reaching the peak amount of debt. This method, popularized by personal finance personality Dave Ramsey, is about build…
Read the full article at: https://www.forbes.com/advisor/debt-relief/debt-snowball-method-how-it-works/
