❄️ What Is the Debt Snowball Method?
The Debt Snowball is hands-down the best way to pay off debt. It’s simple, focused, and gives you serious momentum to win with money.
Here’s how it works:
📝 List your debts
List all your debts except your mortgage—from smallest to largest balance.
Don’t worry about interest rates right now—just focus on the amount owed.
💸 Make minimum payments
Pay the minimum on every debt except the smallest one.
⚡Attack the smallest debt
Throw everything extra at your smallest debt:
side hustle income, garage sale profits, savings from skipping restaurants—you name it.
🔁 Roll it over
When one debt is paid off, roll that payment into the next smallest debt.
That’s your snowball—it grows with each debt you eliminate.
✅ Repeat until debt-free
Keep the process going until every debt is gone.
With each win, you’ll gain confidence and momentum fast.
🙌 Why it works
Just like a snowball rolling downhill, your progress builds speed and power.
There’s nothing like the moment you cross that final debt off your list and shout,
“I’m debt-free!”
📊 Track your progress
Want to see how fast you can become debt-free?
Use our Debt Snowball Calculator to map out your path to freedom.