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Here’s how the debt snowball works: Step 1: List your debts from smallest to largest (regardless of interest rate). Step 2: Make minimum payments on all your debts except the smallest debt. Step 3: Throw as much extra money as you can on your smallest debt until it’s gone.
Find out your debt-free date and accelerate your progress with the debt snowball method—the fastest way to pay off debt.
Get rid of your debt fast! Learn why Dave Ramsey’s debt snowball method is the best way to knock out all of your debt.
The debt snowball method is the best way to get out of debt. Here’s how it works: List all your non-mortgage debts from smallest to largest—don’t worry about interest rates—and pay minimum payments on everything but the smallest.
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The debt snowball method was originally made popular by personal finance expert Dave Ramsey. This debt-repayment method (which excludes your mortgage) focuses on paying off your smallest debt balances first while making minimum payments on all other debts.
Pay off your debt faster with the debt snowball method, as popularized by Dave Ramsey. Here's everything you need to know to get started today, plus answers to some common questions (like which saves you more: a debt snowball or a debt avalanche).