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DeluxedEdition · 26-30, F
@DeluxedEdition What is the snowball and avalanche method?
DeluxedEdition · 26-30, F
@Notladylike avalance: you list your debts smallest to largest based off [b]interest rate[/b] (this one involves a lot of math) where you make the large payments on the highest interest rate until you get it down then you move on to the next thing and so on. this is good if you are making payments on a lot of things with significant interest and have credit card debt
my personal favorite is snowball because i prefer to pay cash for things because i dont like the thought of my item being taken away because i can't make a payment.
snowball method: you list small debts all the way to the largest based on the balance. and you make minimum payments on all of the items. and this is ideal if you are in debt and making payments on things to maintain your credit score.
my personal favorite is snowball because i prefer to pay cash for things because i dont like the thought of my item being taken away because i can't make a payment.
snowball method: you list small debts all the way to the largest based on the balance. and you make minimum payments on all of the items. and this is ideal if you are in debt and making payments on things to maintain your credit score.
@DeluxedEdition Makes a lot of sense!
DeluxedEdition · 26-30, F
@Notladylike yes LOL I read a lot of finance books. I was actually considering being a part time financial advisor
@DeluxedEdition Let me know if you do. I’ll be your first costumer 😂
