3. If you Carry Debt, Pay the Smaller Debts off First Before the Larger Ones
I like to think of this as a snowball effect and a consolidation technique. Starting off small and compounding to a large payoff, and eliminating the small debt early on so you can focus on tackling the larger ones. By taking care of the smaller debts first, you are setting small, but achievable goals to pay off your debt without being overwhelmed with focusing on paying off the larger debts first, potentially hurting your morale. Working to consolidate as few debts as possible also helps to clear your mind and focus more.
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🙋Am a self taught Digital Creator , Editor 💻 from India 🇮🇳 , as well as a Technologist and a COD Gamer 🎮. Interested in learning📒 new things always for keeping up with the trend .
Tips for Personal Finance and investing money in a better way.
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