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General
Debt Snowball Method
A debt repayment strategy where you pay off your smallest debt first while making minimum payments on all others, then roll that payment into the next smallest debt. This method builds psychological momentum and motivation as you eliminate individual debts one by one.
Usage Examples
"Using the debt snowball method, I paid off my R800 store card first, then tackled my R3,000 credit card."
"The debt snowball method isn't always the cheapest approach, but the quick wins keep you motivated."
"After clearing her smallest three debts in four months, the snowball effect freed up R2,000 per month for her car loan."