Matches in DBpedia 2016-04 for { ?s ?p "The debt-snowball method is a debt reduction strategy, whereby one who owes on more than one account pays off the accounts starting with the smallest balances first, while paying the minimum payment on larger debts. Once the smallest debt is paid off, one proceeds to the next slightly larger small debt above that, so on and so forth, gradually proceeding to the larger ones later. This method is sometimes contrasted with the debt stacking method, also called the \"debt avalanche method\", where one pays off accounts on the highest interest rate first."@en }
Showing triples 1 to 1 of
1
with 100 triples per page.
- Debt-snowball_method abstract "The debt-snowball method is a debt reduction strategy, whereby one who owes on more than one account pays off the accounts starting with the smallest balances first, while paying the minimum payment on larger debts. Once the smallest debt is paid off, one proceeds to the next slightly larger small debt above that, so on and so forth, gradually proceeding to the larger ones later. This method is sometimes contrasted with the debt stacking method, also called the \"debt avalanche method\", where one pays off accounts on the highest interest rate first.".