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

The debt snowball method is the fastest way to pay off your debt!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.Step 3: Repeat the process with the next smallest debt until they’re all paid off. The more you pay off, the more money you can throw at your next payment—like a snowball rolling downhill, getting bigger and faster as it goes! | George Kamel

707K views · 8.3K reactions | The debt snowball works because it’s not just about math. It’s about behavior. Starting with your smallest debt gives you a quick win, and that momentum keeps you going until every last dollar of debt is gone. | George Kamel | Facebook

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