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12 votes

Debt Snowball – Staying Motivated While Paying Off Your Larger Debts

Shared by mirko 150 days ago (http://www.enemyofdebt.com)

Are you finding yourself feeling frustrated or overwhelmed with paying down a large debt? As I have recently become debt free myself, I understand completely. Our last debt was approximately $9,000, and it took us what seemed like forever to eliminate it. During that time, we often felt we were making little progress, mainly because... (Personal Finance)

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Written by pfburn 150 days ago

The Debt Snowball method has been working greatly for me as well, the motivation that comes from paying off something and actually seeing the results of it sooner is definitely a big plus. Yes, you do end up possibly paying some more because of the fact that you might be paying lower interest first, but still, its definitely worth "paying" some extra for your convenience.