Sentences with phrase «snowballing rest of the debt»

Not exact matches

The debt avalanche is just like the snowball debt method, except it focuses on paying off the debt with the highest interest rate first, but like the snowball debt method you continue to pay the minimum for the rest of your loans.

Out of fear we might give up altogether on paying off our debt, we switched to the snowball, focusing on only one debt at a time (the smallest), and making minimums on the rest.

There was one debt that I was annoyed with and tired of paying so all my effort went to paying off that debt first and then I debt snowballed the rest.

John suggested I use the snowball method: Get rid of the smallest debt first by paying extra, while making the minimum payment on the rest.