this post was submitted on 03 Jul 2024
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A Boring Dystopia

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[โ€“] gnate@lemmy.world 8 points 4 months ago (1 children)

The snowball method can be helpful in a psychological sense, but it's less than ideal from a financial standpoint. (You can pay down debt faster with more conventional methods, IF you stick to them.)

[โ€“] Good_morning@lemmynsfw.com 6 points 4 months ago

Right, like if I'm remembering terms correctly, avalanche is the way to go, highest interest first. Dave Ramsey is awful though, doesn't take much to figure that out.