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Why the Debt Snowball Method Works Amazingly Well

The debt snowball method: how it works and WHY it works so well to eliminate debt. Read this before trying to tackle your debt with the highest interest rate! Personal Finance #personalfinance

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Get out of Debt completely with the Debt Snowball Strategy Myth: If you want to get out of debt fast enough, you need to first pay off the debts that have the highest interest rate.

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How to create your ultimate debt payoff plan

The Snowball Method vs. The Highest Interest Rate Method - find out who comes out on top for the best debt payoff method! PLUS - your own payoff plan! via /iatllauren/

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How to create your ultimate debt payoff plan

The Snowball Method vs. The Highest Interest Rate Method - find out who comes out on top for the best debt payoff method! PLUS - your own payoff plan! via @iatllauren

More Research Shows That the Snowball Method Is the Best Debt Payoff Strategy

It makes logical sense to pay off your highest interest rate debts first. Yet research shows that paying off smaller balances is actually more effective. It’s a good reminder that making financial progress isn’t just about logic, it’s also about behavior.

Countries With the Highest Interest Rates Today

Countries With the Highest Interest Rates Today How inflation factors in and how the US compares

Pay Off Small Balances First for Better Odds of Eliminating All Your Debt

Conventional wisdom says if you have different account balances, you should pay the ones with the highest interest rates first. It makes the most financial sense. However, a new study finds people are more successful eliminating debt if they pay the small balances first, regardless of interest rates.