While the "avalanche" method (paying high interest first) is mathematically superior, Ramsey argues for the "snowball" because the emotional boost from closing small accounts keeps people from quitting.
While millions have found success, some reviewers and experts highlight potential drawbacks: The Total Money Makeover
The "one-size-fits-all" approach may not suit high-net-worth individuals or those in extreme high-cost areas where the 25% housing rule is nearly impossible. While the "avalanche" method (paying high interest first)