TRANSCRIPT
(Jessica) Welcome to Money Matters on the Southern Bank Financial Wellness network. I’m Jessica.
(John) And I’m John!
(Jessica) And today we’re talking about debt and snowballs? What’s that about?
(John) The debt snowball is a method for reducing debt. Like a snowball, it starts small and gets bigger.
(Jessica) So, how does it work, exactly?
(John) With the debt snowball approach, you focus on paying off your smallest debt first while maintaining the minimums on other payments. Once that first debt is finished, you apply those payments ...
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2022