Euromoney  Mar 31  Comment 
The emergence of new trading venues marks a notable advance in the development of cryptocurrencies, such as Bitcoin, although exchanges vary in their product offerings.
TechCrunch  Dec 30  Comment 
 Credit and finance management platform Credit Karma, known best as the startup that offers free, no-strings-attached credit scores, has made its first acquisition. The company has acquired the makers of the mobile application Snowball, with...
The Australian  Aug 4  Comment 
Outgoing Suncorp chief Patrick Snowball says shareholders will enjoy richer dividends and growth in the years ahead.
TechCrunch  Jul 29  Comment 
 With a growing number of mobile applications available to download, and only a handful that see regular usage, push notifications have become one of the only ways for developers to grab users’ attention in order to get them to reopen their app...
Red Orbit  Apr 15  Comment 
Chuck Bednar for - @BednarChuck During a drastic shift in climate known as “Snowball Earth,” even places close to the planet’s warmer equatorial regions would have experienced Arctic-like temperatures, according to new...
Forbes  Apr 8  Comment 
In college, my roommates and I inherited a GE fridge that was 30 years old and built like a Sherman tank; it seemed like it weighed as much as one – so says my muscle memory from room-storage-room moves each year.  It was so cumbersome that...
MarketWatch  Mar 19  Comment 
The fact is Sen. James Inhofe really does raise a fundamental philosophical and spiritual as well as political question about the future of human life on the planet. Maybe too many of the seven billion humans today really are too arrogant,...
The Australian  Feb 11  Comment 
SUNCORP’s home state of Queensland was moving into a period of instability similar to that which has dogged the rest of Australia, says its chief executive.



The Snowball strategy of debt reduction is used when paying off more than one liability simultaneously. Extra payments are made on one liability first, while paying steadily above the minimums on the remaining debts. [1] This works for households with variable cash flow income as well as fixed income streams. Liabilities can be investment accounts as well as loans, anything that sucks up cash. [2] [3] [4]

The main payment, increases in size as it rolls over each successive liability, essentially snowballing debt payments. The borrower focuses on paying off one debt faster than the others, so that there is a greater momentum to pay off the remaining debts. No payments can be missed on any accounts. In theory, by the time the last debts are reached, the extra cash flow previously paid toward the earlier liability’s, will grow quicker, like snowballs rolling downhill gathering more snow and momentum.

Payments can be made in an amount greater than the minimum amount on all of the debts, but the majority of the debt repayments are funneled to pay off one liability at a time as quickly as possible. As each debt is killed off, cash flow is moved on to the next, with the same aggressive accelerated repayment plan used on the first.

The effect on each liability is increased by the cash flow diverted from the previously mortified debts. One benefit of snowballing the smallest-balance first is the psychological feeling of getting to freedom. [5] A benefit of snowballing the highest rate of interest first, is reduced interest costs, and a quicker amortization of the principle. [6] The benefit of first “snowballing,” the liability that bears most on your mind, priceless.

Snowball 1400s, from snow + ball the image of a snowball increasing in size as it rolls along had been used since at least 1613, to throw snowballs at 1850, to make snowballs 1680s, Snowball's chance (in hell) is recorded by 1910. [7] to increase rapidly 1929 [8]


  1. [1]
  2. [2]
  3. Save by borrowing technique
  4. [3]
  5. [4]
  6. [5]
  7. [6]
  8. [7]
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