In previous episodes we discussed how to decide what debts to pay off first, how to prioritize them. Today I’d like to share with you a concept called “Snowballing”. You might be wondering what it has to do with debts?
Well, Snowballing debts means, setting up a schedule of what debts you will pay off first.
I use a free site: www.whatsthecost.com to create my snowballs. When you get to the site, on the left hand side click on “Snowballing.