The Debt Snowball Method of Getting Out of Debt Fast The bad news is many people are deep in debt, but the good news is that paying off debt is not just an abstract idea or a distant fantasy.

Personal finance blogger Derek Sall knows that feeling well. He used the snowball method to pay off roughly $100,000 worth of debt (including his mortgage).

The debt snowball method is a strategy to pay off your debt fast, which targets your smallest balances first. To start, you’ll make the minimum-monthly payment on each of your accounts. Then ...

In one viral video with 1.4 million views, TikTok user @wheretfisallmymoney explained how to pay off $10,000 of debt in just 19 months using the snowball method without exceeding more than $500 ...

You can find a “debt snowball vs. avalanche” calculator online that will do the math for you and provide a payoff schedule for each method. That said, numbers don’t tell the whole story.