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Debt Snowball Method: How It Works, When to Use It - NerdWallet
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Know how debt can snowball? If you have a $5,000 credit card bill and only pay the minimum sum every month, you could end up paying almost 3x more by the time it is’s paid off more than 14 years later! Interest compounds quickly at around 25% per annum, so don’t add on unnecessary debt to your bills! Pay your credit card bills in full and on time. Watch our video to find out more. Also, we are on Instagram now! Follow us at instagram.com/moneysense_sg. | MoneySense
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