Two major methods dominate the debt repayment sphere: the debt snowball and the debt avalanche.
One says you should pay off debts with the highest interest rate first. That’s the debt avalanche method.
The other says to pay off your smallest balances first so that you can enjoy quick victories and build confidence.
That’s called the debt snowball method — and here’s how to use it.
What Is the Debt Snowball Method?
Popularized by money guru Dave Ramsey, the debt snowball method involves paying off one credit card or loan balance at a time, starting with the smallest balance
