The debt snowball is a super simple way to tackle debt. You start by paying off your smallest balance first—don’t worry about the interest rate for now. Once that little one’s gone, take the money you were putting toward it and add it to the payment for your next smallest debt. Keep repeating the process.
It works just like a snowball rolling downhill—it starts small, then picks up speed and power. Every time you knock out a debt, you build momentum until you’re cruising toward being completely debt-free.
