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/
Debt Snowball Method to Payoff Debt
December 15, 2021
A dedicated full-time digital marketer with 12+ years of experience in the industry. Since 2015, he has been successfully running infographicportal.com, a platform that showcases high-quality infographics across various topics. Nagendra's expertise lies in creating and executing effective digital marketing strategies that drive engagement and growth. His passion for visual storytelling and commitment to excellence has made him a respected figure in the digital marketing community.