Step 6 of 11 · Pay Off Debt With the Avalanche Method
Assign surplus to Target #1 only
Assign surplus to Target #1 only — step 6 of 11 in Pay Off Debt With the Avalanche Method. Pay minimums everywhere else. Every extra dollar hits the top APR balance until it is $0. Write the new payment amount: minimum + surplus.
Free personal finance tip: Assign surplus to Target #1 only (step 6 of 11 from "Pay Off Debt With the Avalanche Method").
Pay minimums everywhere else. Every extra dollar hits the top APR balance until it is $0.
Write the new payment amount: minimum + surplus. Schedule it the day after payday.
You'll need
- Surplus number written
- Extra payment scheduled
- Only one target
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