Frugal Living for Families | Become a Stay-at-Home Mom, Saving Money, Get out of Debt, Easy Budgeting, Single-Income Strategies
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30 | Debt Avalanche Method vs. Snowball Debt Payoff - Which Is Right for You? + Free Debt Reduction Calculator!
Manage episode 408765737 series 3512243
Hey Mom!
Do you have multiple sources of debt you are working to pay off? Do you feel overwhelmed with figuring out the right strategy to use? Do your debt balances feel like they aren't getting any lower?
Don't stress; I'm here to help you! In this episode I break down the definitions of both the debt snowball payoff method and the debt avalanche method. I also list out the pros and cons of each, and I even help you determine which is the best way for YOUR family to get out of debt once and for all.
If you are working to eliminate debt, this episode is a must listen.
Also, here is a FREE Debt Reduction Calculator as mentioned in the episode. Let's go!
Blessings to your family,
Mandy
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