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Debt Snowball Method

By February 2011, they started eliminating credit cards with the smallest balance while continuing to pay the minimum on other debts. Once paid, they applied that money to the next debt and continued the process until all outstanding bills had been paid off—“the snowball plan” advised by Ramsey. The couple says the “quick wins” gave them a sense of accomplishment and the motivation to press forward.

Financially Prepared For Life

Crisis often inspires change. For Nicole Simpson, 33, her brush with death during the Sept. 11th attacks on the World Trade Center prompted her to reassess her priorities. A certified...

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