The debt snowball method is the fastest way to pay off your debt. It’s how I paid off $40,000 of consumer debt in just 18 months! And if it worked for me, it’ll work for you too. The debt snowball explained in 4 easy steps! 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. Step 4: Repeat until each debt is paid

If you’re only making minimum payments on your debt, try the debt snowball method to become debt-free faster! Step 1: List your debts from smallest balance to largest. Step 2: Make minimum payments on all debts except the smallest, throwing as much extra money as you can at that smallest debt. Once that one’s paid off, take the entire amount you were putting toward that debt and apply it to the next smallest debt on your list, while continuing to make minimum payments on the rest. Step 3: Repeat