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Also, typically debt accounts have minimum payments. One point in favor of the Snowball Method[1] is that it typically increases your working capital at the ex
by nordsieck 11y ago
Also, typically debt accounts have minimum payments. One point in favor of the Snowball Method[1] is that it typically increases your working capital at the expense of greater total payments. For people with few assets, this can help insulate them from emergencies.
[1] https://en.wikipedia.org/wiki/Debt-snowball_method https://en.wikipedia.org/wiki/Debt-snowball_method