Crush your Debt by Snowball Method

The snowball debt method is a popular and effective strategy for managing and paying off debt. It involves tackling your debts one by one, starting with the smallest balance first, while making minimum payments on all other debts.

The key principle behind the snowball method is to gain quick wins by eliminating smaller debts, which can provide a psychological boost and motivation to continue. As each smaller debt is paid off, you then take the money you were allocating to that debt and apply it to the next smallest debt. This process snowballs, gradually increasing the amount you can put toward larger debts as you go along.