Tag Archives: Debtors

How to Pay Off your Debt With Debt-snowball Method

Cornie Herring asked: Nearly every financial adviser always advises that debts should be paid off in a particular order: from highest interest rate to lowest interest rate. While this method makes sense from a mathematical point of view, it makes less sense from a psychological point of view.Psychologically, 7 outstanding debts “feels” more overwhelming than [...]