One of the best ways to pay off debt quickly is using the debt snowball method and the Debt Snowball Worksheet Collection.

If you are ready to really buckle down and chip away at your debt, then I suggest using these free debt tools to keep yourself on track while you are working hard to reach financial goals.

DEBT SNOWBALL METHOD

The debt snowball method is pretty simple to understand. It is the method of putting all of your extra money towards your smallest debt until it is paid off.

Once you managed to get rid of your smallest debt, use the money you were putting towards that bill and roll it into the next lowest bill on your list. Rinse and repeat until you have gotten rid of all of your debt.

DEBT SNOWBALL WORKSHEETS INCLUDE

– Debt Snowball Worksheet – Debt Payoff Tracker – Debt Snowball Payments

TIPS FOR SUCCESS:

Remember that this is an ongoing process. Don’t get discouraged in the beginning by how overwhelming it all may seem. Just focus on one debt at a time.

WHAT IS THE DEBT SNOWBALL?

1. List all of your debts starting with the smallest to the largest balance. 2. Pay the minimum payments for all your debts except for the smallest one.

3. Then move onto the second smallest debt and do it again until that one is paid off as well. 4. Keep using this Debt Snowball Tracker until all of your debts are paid off.

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