The debt snowball method involves paying off debts from smallest to largest balance, regardless of interest rate, which provides motivation through quick wins but may cost more in interest over time.

Authors

• Person: Not available Organization: Harvard Federal Credit Union
  A Comprehensive Guide to Debt Management Programs

Sources

• A Comprehensive Guide to Debt Management Programs harvardfcu.org Harvard Federal Credit Union via serper

Referenced by nodes (1)

• Debt Snowball method concept