• gnate@lemmy.world
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    4 months ago

    The snowball method can be helpful in a psychological sense, but it’s less than ideal from a financial standpoint. (You can pay down debt faster with more conventional methods, IF you stick to them.)

    • Good_morning@lemmynsfw.com
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      4 months ago

      Right, like if I’m remembering terms correctly, avalanche is the way to go, highest interest first. Dave Ramsey is awful though, doesn’t take much to figure that out.