When someone who has accumulated debt across a number of credit cards embarks on the journey to rid himself or herself of this debt, and when that person is generating enough monthly income to cover all expenses and the minimum payments due on all cards with additional funds left over, there are two main philosophies describing the best way to achieve this goal.
I typically recommend the Snowball Method because of the psychological victories along the way, but check out this article for a great description of other ways to pay off your debt.
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Debt Reduction Methods and Philosophies: Snowball, Avalanche and More
I typically recommend the Snowball Method because of the psychological victories along the way, but check out this article for a great description of other ways to pay off your debt.
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