Borrowing, Credit & DebtDebt Payoff
The Debt Payoff Race
Smallest balance first or highest rate first?
Three debts, $500 a month. Pay the smallest first, or the priciest first? One saves money. The other wins sooner.
You'll find out
- What the snowball does
- What the avalanche saves
- Why small wins matter
Why it matters
The order you pay your debts in changes how long they last, what they cost and whether you keep going.
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