In theory, this is exactly how the snowball method of debt repayment works. Using the same budget and examples as above, you would prioritize paying your debt from the smallest balance to largest ...
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 ...
identify extra money that you can allocate toward your debt. Next, try the debt avalanche or debt snowball method for paying off your debt. A debt consolidation loan may also be right for you ...