96K views · 625 reactions | The debt snowball method is the fastest...

251K views · 1.6K reactions | The debt snowball method is the fastest...

Pay off debt fast by creating a debt snowball method. It’s simple, motivating, and easier to stick with over time. Set up your plan and start knocking out those balances one by one! Grab our EveryDollar app to map out a debt payoff plan, see what to focus on next, and get reminders that help you follow through. 🤍 | EveryDollar

Overwhelmed by debt and not sure where to start? Let me introduce you to the debt snowball method: a proven way to pay off debt fast and build momentum. Here’s how it works: 1️⃣ List your debts from smallest to largest balance (ignore interest rates). 2️⃣ Pay minimums on everything except the smallest debt. 3️⃣ Attack that smallest debt with everything you can until it’s gone. 4️⃣ Once it’s paid off, take that payment and roll it into the next smallest debt. As you go, your payments grow like a

386K views · 454 reactions | Paying off a credit card with another credit card isn’t progress—it’s just debt in a different outfit. You’re not getting ahead, you’re just digging sideways. Start using the debt snowball method instead: list your debts smallest to largest, pay minimums on everything but the smallest, and attack that one with a vengeance. Quick wins = big momentum. | George Kamel | Facebook