David W. Barnett, owner of Grand Arbor Advisors, stated: "Personal finance involves both mathematics and behavior. The snowball method, while perhaps not as mathematically effective, can have significant behavioral value in that there is a strong sense of reward to paying a debt in full and reducing the number of outstanding debts."

Authors

• Person: Not available Organization: Business Insider
  Debt snowball vs. debt avalanche: Which strategy is right for you?

Sources

• Debt snowball vs. debt avalanche: Which strategy is right for you? www.businessinsider.com Business Insider via serper

Referenced by nodes (1)

• Debt Snowball method concept