Snowball Method

1. List all your debts from smallest to largest (regardless of interest rate).

2. Continue making minimum payments on all debts.

3. Put any extra money toward the smallest debt until it’s paid off.

4. Once the smallest is paid off, roll that full payment into the next smallest.

5. Repeat until all debts are gone.

+ Quick wins help build motivation and discipline.

+ Simple to follow and encourages consistent progress.

+ Emotionally satisfying — you can see and feel momentum building.

+ Reduces the number of monthly payments faster than interest-based approaches.

The snowball method may be best if:

+ You feel overwhelmed and need fast psychological wins

+ You have several small debts to tackle

+ You’re more motivated by momentum than math

+ You want a simple plan that builds confidence

+ Doesn’t prioritize interest rates, so it might cost more in total interest than the avalanche method

+ Requires discipline not to add more debt as you pay things off

+ If your largest debt has a very high interest rate, it could grow faster than you’re paying it off

+ Use a budgeting app or spreadsheet to track your progress

+ Cut nonessential spending to accelerate debt payoff

+ Consider a side hustle or extra income to grow your snowball

+ Reward yourself (in small ways) each time you eliminate a debt

At Compassion Debt Relief Solutions, we:

+ Help you build a personalized snowball plan

+ Offer budgeting tools and coaching to accelerate your success

+ Check in regularly and support you in staying on track

+ Help you explore other options if your debt is too large for DIY repayment