Today I came across an article written by Luke V. Erickson, a personal and family finance educator. In it he gives a simple explanation of how the "Debt-Snowball" method eliminates debt.
Here is the article, it's a good read.
https://www.lds.org/ensign/2011/07/getting-out-of-debt-for-good?lang=eng
Here is the article, it's a good read.
https://www.lds.org/ensign/2011/07/getting-out-of-debt-for-good?lang=eng