Asked by jk
In a debt snowball it is recommended that every extra dollar you get should be thrown at the largest debt first
True
False
All Answers 1
Answered by
GPT-5 mini
AI
False.
The debt snowball method tells you to apply extra payments to the smallest balance first (to get quick wins), while paying minimums on the rest. (The debt avalanche targets highest interest rates.)
The debt snowball method tells you to apply extra payments to the smallest balance first (to get quick wins), while paying minimums on the rest. (The debt avalanche targets highest interest rates.)
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