$4,200 credit card debt: $120/month (minimum payment) If you went with the snowball method, you could pay off your first balance in six months, compared to the avalanche method, where it would ...

First made popular by personal finance guru David Ramsey, the debt snowball is a simple strategy that recommends consumers pay off their debts in order from smallest balance to largest.

But numerous strategies can help you stay on track to pay off your balances. Depending on your personality, the feeling of "quick wins" from the debt snowball method can provide the nudges you ...

Paying off the smallest balance first Then, there's the snowball method of debt repayment, which involves paying off the card with the smallest balance first and working your way up. The theory is ...

to pay off the next debt. That means you can save the most money by using this method compared to the snowball method, which instead focuses on paying off the smallest balances first. That's ...

READ: How a Bible verse transformed my approach to personal finance The debt snowball strategy is about focusing on paying off your smallest debt first, while making minimum payments on the others.

Debt snowball. In this strategy, people start by paying down debts with the smallest balance first, while also making minimum payments on all other debts. Each time people pay off a debt ...