Ever heard of the snowball method of paying down debt? ?
This was a term I hadn’t heard of before but I think I’ve heard it explained before
I thought I would let you in on it…
The snowball method is when you want to pay down some debt, 
You start with the smallest balance out of all the debt that you have
And you keep paying on that until it’s paid off
Then the payment that you were making on that debt,
Goes to the next smallest debt.. 
You pay that whole entire payment on to the next debt
So you’ve got the payment you were making on that debt plus the payment from the smaller one that you’ve already paid off 
And now you’re paying even more on that debt to pay it off quicker.
That’s why it’s called the snowball method
Because you’re gonna snowball your way to the highest debt
And you keep increasing the amount of money you have available to be paying each debt off.
That is a new term that I learned so I thought I would share and let you in on it ?
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