Instead of choosing a single payoff plan, the Lacys used what they call a "hybrid" approach between the snowball method, and their own "cash flow" method, a plan they created out of necessity.
So choose a plan that motivates you — and stick with it! If you’re following the debt snowball method, you’ll pay off your debt with the smallest balance first, regardless of the type of debt it is.
Warren Buffett suggests all parents do one thing before they die, whether they have 'modest or staggering wealth' Photos show what it was like to eat at McDonald's in the 1970s Navy’s Brian ...
Once you know how much you need to set aside for debt payoff every month ... For this scenario, we recommend the popular 'snowball' or 'avalanche' debt repayment methods. We outline each below ...
After researching debt payoff strategies, I met with certified financial planner André Small, to see if it made more sense for me to take a debt snowball or avalanche approach. Here's what he shared.
Dave Ramsey has been a major promoter of the debt snowball method. Using this method, you make minimum payments on most of your debts and pay all extra funds you have to your smallest balance. Once ...