
Amusing large snowball on a sunny winter day.
The debt snowball method is a powerful way to pay off debt quickly by focusing on the smallest balances first. Using a debt snowball calculator can help you organize your repayment plan for consolidate loans, track progress, and stay motivated.
If you don’t know what a debt snowball is, its basically a debt repayment strategy. How it work is you focus on paying off your smallest debts first, regardless of the interest rate the debt carries. Unlike other methods of paying off debt, a debt snowball should help you build momentum and stay motivated.