Before you can start
talking about debt snowball method, it is probably you are having more than one debt.
He talks about his debt snowball concept:
Not exact matches
This is clear in our firm standpoint on «avalanche» being way superior to «
snowball» as a
debt repayment method — check out our article on the matter if you have no idea what I'm
talking about!
I played with the numbers a while back and my conclusion was that the difference between the plans — unless you're
talking about enormous
debt loads with huge disparities in interest rate — doesn't save you enough to not try the
debt snowball method.
It's the
snowball method Dave Ramsey
talks about (and that I detailed in Seven Steps to Get Out of
Debt).