đź’¨ Abstract

The article by U.S. News & World Report offers advice to a reader named Drowning in Debt who is trying to pay off two credit cards with high interest rates. The writer suggests adopting the debt snowball method, which involves paying off the smaller balance first, then moving on to the larger balance. This method is recommended for those who want a quick mental boost from seeing progress, but paying almost $1,000 in interest for the smaller balance.

Courtesy: wtop.com

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