![]() ![]() No more watching your paychecks disappear.īecause when you get hyper-focused and start chucking every dollar you can at your debt, you'll see how much faster you can pay it all off. Step 4: Repeat until each debt is paid in full. Step 3: Pay as much as possible on your smallest debt. ![]() Step 2: Make minimum payments on all your debts except the smallest. Step 1: List your debts from smallest to largest regardless of interest rate. With every debt you pay off, you gain speed until you’re an unstoppable, debt-crushing force. Why a snowball? Because just like a snowball rolling downhill, paying off debt is all about momentum. ![]() Then, take what you were paying on that debt and add it to the payment of your next smallest debt. The debt snowball is a debt payoff method where you pay your debts from smallest to largest, regardless of interest rate. ![]()
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