Debt Snowball Method to Payoff Debt

The debt snowball method is a debt repayment strategy that focuses on paying off smallest debt first while making minimum payments on the rest. The debt snowball method can help you gain payoff momentum and confidence as you eliminate your debts one by one. You’ll start by paying your smallest debt off first, the next smallest debt off second, and so on. You can picture each amount paid off as a snowball gaining more and more momentum down a slope. Read more about how to use snowball method to pay off debts here –

Infographic Source: https://www.credello.com/debt/debt-snowball/