Paying off Debt: The Debt Snowball Method

The debt snowball method is used by paying off debt accounts that have lower balances first. Once an account has been paid off, that frees up some money next month, which you then take an apply towards your debt account with the next lowest balance. This can be emphasized when you are making minimum payments … Read more

Step 2: Pay Off Debt

Welcome to Step 2: Pay Off Debt. In this step, I will talk to you about the debt portion of the steps of Financial Independence. If you have no debt, the following will probably be irrelevant. However, seeing as how so many people out there are in debt, this may help them. Once you have … Read more