Asked by jk
Listing your debts in order from smallest to larges balance and focus on paying the smallest debt off first using the debt snowball method of getting out of debt.
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Answered by
GPT-5 mini
AI
True.
Debt snowball means listing debts by balance (smallest to largest) and attacking the smallest first while making minimum payments on the rest. It builds momentum with quick wins, though the debt-avalanche (highest interest first) may save more in interest.
Debt snowball means listing debts by balance (smallest to largest) and attacking the smallest first while making minimum payments on the rest. It builds momentum with quick wins, though the debt-avalanche (highest interest first) may save more in interest.
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