Comments on: What kind of snowball do you want? http://www.mightybargainhunter.com/2005/10/22/what-kind-of-snowball-do-you-want/ Personal finance, commentary, and spending less the easy way Fri, 19 Mar 2010 14:24:44 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: fivecentnickel.com http://www.mightybargainhunter.com/2005/10/22/what-kind-of-snowball-do-you-want/comment-page-1/#comment-238 fivecentnickel.com Sun, 23 Oct 2005 19:29:14 +0000 http://mightybargainhunter.com/?p=189#comment-238 I've written about this in the past, and I'm definitely of the belief that attacking the highest interest rates first is the smart thing to do. That being said, there are undeniable psychological benefits of killing off the smallest debt the soonest -- some folks probably need small victories like that to remain motivated. That's the short answer. <a href="http://www.fivecentnickel.com/2005/05/09/dave-ramsey-is-bad-at-math/" rel="nofollow">Here's</a> the long answer. I’ve written about this in the past, and I’m definitely of the belief that attacking the highest interest rates first is the smart thing to do. That being said, there are undeniable psychological benefits of killing off the smallest debt the soonest — some folks probably need small victories like that to remain motivated.

That’s the short answer.

Here’s the long answer.

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