Have you heard of the snowball method? It’s a debt repayment strategy (made popular by Dave Ramsey) that focuses on paying off your smaller debts FIRST. Here are the steps: ❄️ Step 1: Create a list of all of your debts, excluding your mortgage. Sort the debts in order from smallest to largest balance. ❄️ Step 2: Each month, pay the minimum amount on each balance, except the smallest one — review your budget and figure out how much money you can put toward your smallest balance ( put as much cash

Let’s discuss the Debt Snowball Method, a powerful strategy for paying down debt! This approach involves tackling your smallest debts first, regardless of their interest rates. While it may not be the most mathematically efficient method, it can provide a psychological boost by creating small wins along the way. By starting with your smallest debt and gradually working your way up, you’ll gain momentum and motivation to keep paying off your debts. Remember, the feeling of financial freedom is ev

Free Debt Snowball Spreadsheet

Excel Debt Snowball Calculator and Timeline Easy Financial Tracker Spreadsheet Visualize Debt Payments Plan Your Finances - Etsy