The Snowball Method That Actually Works

Durham News Today | 2 Min News | The Daily News Now! · Jun 27, 2026 · 1m

U.S. credit card debt hit $1.25 trillion in Q1 2026, but the real problem isn’t ignorance—it’s quitting too soon. Personal finance expert George Kamel says the “debt snowball” method wins because it builds momentum: tackle smallest debts first, roll over payments, and celebrate quick wins. While the “avalanche” method saves more mathematically, most people fail without a plan. Kamel’s own success—paying off $40K in debt in 18 months, then their mortgage—proves small victories drive real change. He warns debt consolidation rarely reduces total debt, just reshuffles the cards. Support the…