Spring-Cleaning, and Paying Off Different Types of Debt
NerdWallet's Smart Money Podcast
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The Importance of Paying the Minimums on Your Debt
There is the debt snowball. This is where you pay your loans with the smallest balance first and then you roll up to the highest. There's also the debt avalanche. This is sort of the opposite approach where you're going to tackle your loan with the highest interest rate first. Then work down towards the lowest so that bigger push right off the bat could cut down on interest in the long run, saving you money.
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