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Ruby Flanagan & Aaron Morris

Martin Lewis explains 'snowball' tip as faster way to clear your debts

Martin Lewis this week took to his ITV Money Show slot to highlight an 'important technique' to clear large debts sooner, in an efficient and effective way.

The method, known as 'snowballing' is handy for those who have more than one debt, with Martin dubbing it the 'right way' to repay outstanding balances.

Martin explained that the strategy involves paying off a debt in order of smallest to largest, gaining momentum as and when you knock off each remaining money owed.

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