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The Short Answer

How to Pay Down Debt

Tackle debt fastest with the 'avalanche' method, or get psychological wins sooner with the 'snowball' strategy.

Recently, we've been answering many questions about money and personal financial situations. We discussed how you could talk to children about money, how much you should be saving, what investment bubbles can look like, and tips on when you should sell an investment.

These topics are great--if you can save and invest. But what if you are unable to put money aside to invest, maybe because you're paying off debt?

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