Debt doesn’t disappear by simply making those minimum monthly payments, “as you’re able to.” Eliminating debt takes focused intensity, consistent momentum, and quite honestly, a righteous anger to free yourself from its suffocating grip.
If you have the passion to become debt-free, but lack the roadmap to get you there, then you can thank your lucky stars for the debt snowball.
Breaking down the debt snowball
The debt snowball approach is really as simple as its name. A snowball is built with a little bit of snow, and you keep adding more snow, and eventually, roll it along the ground to make the snowball grow. Start with a little, end with a lot.
Originally published on girlboss.com