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What is the snowball method of paying back debt?

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Manage episode 454248985 series 3362640
Content provided by Do you really know?. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Do you really know? or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The snowball method is based on the idea of paying off your smallest debt first, while making minimum payments on the rest.

Then, you take the money you were paying on that debt and apply it to the next smallest debt, and so on until you’re debt-free. This way, you create a snowball effect that builds momentum and motivation as you see your debts disappear one by one.

What are the advantages? What are the disadvantages? In under 3 minutes, we answer your questions !

To listen to the latest episodes, click here:

What is PimEyes, the powerful tool ending online anonymity?

Is the fertility cliff real?

How can I work better from home?

A Bababam Originals podcast written and realised by Amber Minogue.

First Broadcast: 25/5/2023

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

2355 episodes

Artwork
iconShare
 
Manage episode 454248985 series 3362640
Content provided by Do you really know?. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Do you really know? or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The snowball method is based on the idea of paying off your smallest debt first, while making minimum payments on the rest.

Then, you take the money you were paying on that debt and apply it to the next smallest debt, and so on until you’re debt-free. This way, you create a snowball effect that builds momentum and motivation as you see your debts disappear one by one.

What are the advantages? What are the disadvantages? In under 3 minutes, we answer your questions !

To listen to the latest episodes, click here:

What is PimEyes, the powerful tool ending online anonymity?

Is the fertility cliff real?

How can I work better from home?

A Bababam Originals podcast written and realised by Amber Minogue.

First Broadcast: 25/5/2023

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

2355 episodes

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