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Snowball Debt Payoff Calculator

$9.99

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Description

The debt snowball method is a strategy to reduce and eliminate debt. Here’s how it works:

  1. List your debts: List all your outstanding loans and credit card debts from smallest to largest, regardless of interest rates.
  2. Minimum payments: Make minimum payments on all your debts except the smallest one.
  3. Extra payments: Put extra money toward the smallest debt until it’s paid off.
  4. Repeat: Once the smallest debt is gone, move to the next smallest debt and continue the process.

 

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