I continue to be amused by the debate over whether the ‘Debt Snowball‘ that Dave Ramsey suggests is the best method for fast debt reduction. I wrote about this some time ago on my Feature Web Site, and got quite a bit of email telling me how I ignored the emotional side. They quoted Dave Ramsey, “personal finance is 20% head knowledge, 80% behavior”.
Today I came across the web site “Consumerism Commentary”, which had a nice spin on paying the highest interest debts first (as I suggest), but calling this method “The Debt Avalanche“. Sounds good to me. Nice article.
Joe