MONEY FORUMS

2 months ago
27
0
Financial Expert
Peter Neeves
Asked by: Peter Neeves

There are two basic methods people use to determine which debt to pay off first. Some people advocate paying the highest interest rate debt off first. They advocate doing so as this will save you the most money the fastest. Others recommend the "snowball" approach. In the snowball approach you pay the smallest debt first, working your way through your debts from smallest to largest. Snowballers advocate this approach as the quick success of seeing debts gone motivates you to continue - you get some instant gratification from seeing little debts gone and may be more likely to continue with debt reduction. Which method do you prefer and why?

0 answers
    3 months ago
    20
    1
    Anonymous
    Anonymous

    I have student loans and a Home Equity Line of Credit. Which should I pay off first?

    1 answer
    3 months ago
    14
    0
    Financial Expert
    Peter Neeves
    Asked by: Doria Lavagnino

    How do I buy a car?

    0 answers
      5 months ago
      26
      0
      Asked by: Nora Douglas

      how can I make a car purchase an investment instead of a loss?

      0 answers
        6 months ago
        29
        0
        Asked by: Nora Douglas

        Do investment apps affect my credit score?

        2 answers
        7 months ago
        13
        0
        Asked by: Nora Douglas

        Are academic scholarships subject to taxation?

        1 answer
        7 months ago
        31
        3
        Asked by: Nora Douglas

        How to make a monthly budget?

        2 answers
        7 months ago
        24
        2
        Asked by: Nora Douglas

        What do you think about investing apps like Acorns or Vestly?

        1 answer
        7 months ago
        17
        4
        Peter Neeves
        Asked by: Siddhant Chawla

        How do I get started with investing?

        1 answer
        7 months ago
        20
        2
        Anonymous
        Anonymous

        How do I find cheap but healthy food easily?

        1 answer
        • Evan Sachs
        7 months ago
        20
        1
        Peter Neeves
        Asked by: Daniel

        How do I make money during college?

        2 answers
        7 months ago
        24
        2
        Anonymous
        Anonymous

        What is some advice for recovering from financial infidelity?

        1 answer
        • Evan Sachs
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