A study from Texas A&M University indicates that creating 'small victories' by paying off smaller debts first, as the debt snowball method does, can be highly motivating for individuals.

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