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TagsHow can I use the debt snowball method to pay off my cryptocurrency debts?
Doyle KennedyMar 19, 2022 · 3 years ago1 answersI have accumulated a significant amount of debt from investing in cryptocurrencies. I've heard about the debt snowball method, but I'm not sure how to apply it to my cryptocurrency debts. Can you explain how I can use the debt snowball method to pay off my cryptocurrency debts?
1 answers
- The debt snowball method is a great way to tackle your cryptocurrency debts. Start by listing all your debts, including the amounts and interest rates. Then, prioritize your debts from smallest to largest. Make minimum payments on all debts except the smallest one, and put any extra money towards paying off that debt. Once the smallest debt is paid off, move on to the next smallest debt. This method allows you to build momentum and stay motivated as you see your debts gradually decreasing. Remember to also seek professional advice if you're struggling to manage your debts or need help creating a repayment plan.Mar 19, 2022 · 3 years ago
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