{"id":58297,"date":"2025-07-12T01:09:13","date_gmt":"2025-07-12T01:09:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/58297\/"},"modified":"2025-07-12T01:09:13","modified_gmt":"2025-07-12T01:09:13","slug":"what-is-the-snowball-method-viral-budgeting-strategy-is-helping-thousands-pay-off-debt-fast","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/58297\/","title":{"rendered":"What is the ‘snowball method’? Viral budgeting strategy is helping thousands pay off debt \u2014 fast"},"content":{"rendered":"

The \u201csnowball method\u201d is going viral on TikTok<\/a>, with its creator claiming it\u2019s the fastest way to pay down debt. <\/p>\n

Dave Ramsey, the famed finance expert who is the brains behind the budgeting hack, explained that the method is designed to build momentum in the same way as a snowball being rolled downhill. <\/a><\/p>\n

To start, you list your debts from smallest to largest \u2014 which makes it a good method for those who have multiple sources of debt.<\/p>\n

Ramsay says you make minimum payments on everything but the smallest debt, and you \u201cattack the little one with a vengeance.\u201d<\/p>\n

\u201cScorched-earth lifestyle. Sell so much the kids think they\u2019re next,\u201d he quipped.<\/p>\n

\"NotebookTikTok user @wheretfisallmymoney explained how to pay off $10,000 of debt in just 19 months. TikTok\/wheretfisallmymoney<\/p>\n

When that one is gone, take the payment that was going to that debt and and roll it over to the second smallest debt. <\/p>\n

And when that one\u2019s gone, take the payments from one and two, and \u201cthe snowball rolls over again, it picks up more snow and you attack number three\u201d \u2014 and so on.<\/p>\n

In one viral video <\/a>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 per month in payments.<\/p>\n

Another user shared<\/a> that she has a plan to use the snowball method to pay off $90,000 in debt over the course of three years, but she put her own twist on it. <\/p>\n

Rather than looking at each item as its own debt, she split it up into three categories: small bills, car payments and student loans \u2014 working on tacking the small bills before making her way to her car payments and eventually her student loan debt.<\/p>\n

@sydneymerieux<\/a> <\/p>\n

paying off my debt: pt2 im thinking of using the snowball method in this way to get it all paid off creditcarddebt, debtfreeliving, financialliteracy, debtpayoff, moneytips, budgetingtips, financialfreedom, moneyadvice, personalfinance, debtfree, financialfreedom, debtmanagement, #moneytalks<\/a> moneymanagement, selfgrowth, #mindsetshift<\/a> <\/p>\n

\u266c original sound \u2013 BeyNet<\/a> <\/p><\/blockquote>\n

Meanwhile, user @finfabwiththea shared<\/a> that they paid off her debt of \u00a315,000 \u2014 or a little over $20,000 USD \u2014 using the snowball method.<\/p>\n

\u201cI would use it all over again if I were to get out of debt,\u201d she said. \u201cPaying off that first small debt gave me this feeling of joy, this feeling of a win, which made me so happy and felt like something was being done.\u201d<\/p>\n

\u201cThe debt snowball method creates behavior change through motivation and consistency, helping you stay focused as you eliminate debt,\u201d the Ramsey Solutions website noted<\/a>.<\/p>\n

\"IllustrationYou\u2019ll make minimum payments on everything but the smallest debt, and you \u201cattack the little one with a vengeance.\u201d TikTok\/talkingwithmarlon<\/p>\n

\u201cWhen you see your debt snowball actually working, you\u2019re more likely to stick with it.\u201d<\/p>\n

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