Not exact matches
When you snowball
debts, you concentrate on the
debts with the highest APR, and
systematically pay off each loan or credit card in APR order (high to low).
The
debt snowball technique seemed simple; you list your
debts smallest to largest (regardless of interest rate) and then
systematically pay them
off focusing every spare dime you have on the smallest account, then the next smallest.
The first step in the Dave Ramsey approach required the Nannies to shun credit cards, establish a $ 1,000 emergency fund, and then
systematically pay off debts, smallest to largest.