HOW THE DEBT SNOWBALL WORKS: 1. List your debts from smallest to largest. (Don’t worry about interest rates!) 2. Attack the smallest debt. (Continue to make minimum payments on everything else, but throw any extra money in your budget at the smallest debt until it’s paid in full. This is the part where people work extra hours, get a part-time job, or sell so much stuff, the kids think they’re next.) 3. Take the old minimum payment from that first smallest debt, PLUS the extra money you used to pay it off faster, and apply all of that to the NEXT smallest debt. (This is when things really start to take off.) 4. Repeat until you’re debt-free! (It will happen faster than you ever thought possible!) #debtfreecommunity #debtsnowball #theramseyway