You’re very first step to paying off debt should be to Decrease HIGH-interest rates (above 10% imo) ASAP
THEN commit to snowball/avalanche method or whatever works best for you.
I did a google search just now - May 31st 445p EST - “what strategy should you use to pay off debt”
First result is a Wells Fargo article.
I thought “Shiiiiiiiiiiiit. Of COURSE a frickin bank would be #1 result” 😆
They mention lowering interest rates, but not until the bottom of the article.
I just feel like they’re trying to keep your eye off the ball/BIGGEST problem when you’re in debt and drowning - those high interest rates eat at your budget and give no mercy.
Alas. I digress.
I prefer the snowball method.
Happy f*cking Friday, Besties. About f*ckin time! LoL
It’s been a long week with my 9-5.
(I’m a manager of developers. It’s a very stressful time for us right meow)
Have a great weekend!
💜Ashley
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