The Debt Snowball This method has more focus on psychology rather than on financial aspects. Step 1: Prepare a list of all loans outstanding Step 2: Arrange these loans in order from lowest to highest o/s balance Step 3: Roll the snowball slowly. Start paying the debt from the lowest to the highest amount outstanding
2 Loan repayment method
2 Loan repayment method
2 Loan repayment method
The Debt Snowball This method has more focus on psychology rather than on financial aspects. Step 1: Prepare a list of all loans outstanding Step 2: Arrange these loans in order from lowest to highest o/s balance Step 3: Roll the snowball slowly. Start paying the debt from the lowest to the highest amount outstanding