You’ve probably heard about the Debt Avalanche” or the “Debt Snowball”, but might be less familiar with the Debt Snowflake method. However, if you’re currently slugging away at paying down a big balance, this is a repayment strategy you want to have in your arsenal to eliminate that debt because it will work in conjunction with whatever you’re already doing. I know it’s already springtime and you’re probably as sick of snow as you are of your debt, but stick with me on this one because the Debt Snowflake method is worth knowing how to do. What is the Debt Snowflake Method The Debt Snowflake Method is using small, unexpected savings to incrementally pay off debt. These “snowflakes” are tiny cash windfalls that may actually only be a few cents at a time. They’re so small we don’t see them as having any real potential on their own, but much like […]
The post How to Use the Debt Snowflake Method appeared first on Money After Graduation.
from Money After Graduation https://ift.tt/2HWJ7oC
#money #finance #investments
No comments:
Post a Comment