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The debt snowball method, popularized by Dave Ramsey, works by targeting your smallest debt balance first — regardless of interest rate. You pay the minimum on all other debts while throwing every extra dollar at the smallest one.
When that debt is paid off, you roll its entire payment into the next smallest debt. Your "payment snowball" grows larger with each eliminated debt, creating momentum and motivation.
The debt avalanche method targets highest interest rates first and mathematically saves more money. But research shows snowball users are more likely to actually finish paying off their debt — because the psychological wins keep them going.