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Free Money Finance
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Free Money Finance: 122 entries from July 2005
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Once “credit card three” is paid off, add your original debt snowball payment ($350), to the minimum payment from “credit card one” ($25) plus the minimum payment form “credit card two” ($115) plus the minimum payment form “credit card three” ($225) and start paying off your...
Once “credit card one” is paid off, add your debt snowball payment ($350), to the minimum payment from “credit card one” ($25) and start paying off “credit card two” with your new debt snowball payment!
You want to throw every available dollar towards your lowest balance - this will start your debt snowball. In this example we’re going to use $350.