Get ready to apply the snowball debt method. Before you start, it’s a good idea to familiarize yourself with some of its basics. Read on for valuable secrets and tips that will help give your finances new life! When we’re looking at methods for paying off our debts (and getting out from under them), one … Read more The Secrets to Mastering the Snowball Debt Method
Now you know what the snowball debt method is, let’s look at some of the pros and cons. While it is dubbed as the most effective way to get yourself out of debt, like everything, there are still a few downsides you need to be aware of. By comparing the pros and cons below, you’ll … Read more The Pros and Cons of Snowballing Your Debt
You’ve learnt about the snowball debt method, but did you know there’s a snowball avalanche method too? Both have their pros and cons and can help you to become debt free. However, as they work in totally different ways, it’s important to look at which one is most likely going to work for you. Here, … Read more Snowball Vs Avalanche – Which is Right for You?
While the snowball method is extremely effective when used correctly, there are a few mistakes you can make to derail your progress. If you want to ensure you’re getting it right, below you’ll discover 5 mistakes to avoid when using the snowball method. Carrying on using your credit cards While you’re following the snowball debt … Read more 5 Mistakes to Avoid with the Snowball Method