Highest interest rate

Others suggest that you should pay off the debt with the highest interest rate to save money in the long run. It also allows you to pay off debt faster because you are paying less in interest. However, debt snowball supporters think you might lose motivation and become overwhelmed with the high interest rate method.

( April 9, 2012 )

Others suggest that you should pay off the debt with the highest interest rate to save money in the long run. It also allows you to pay off debt faster because you are paying less in interest. However, debt snowball supporters think you might lose motivation and become overwhelmed with the high interest rate method.

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