Paying Off All Of My Debt With The Snowball Method

As I mentioned in an earlier post I finally got all of my hospital and doctor bills paid off. I am still working on getting my emergency fund built back up and then I’ll be working on paying off my other debts like credit cards. I plan to use Dave Ramsey’s snowball method to get them paid off.

I’ve made me a list of all of my debts and how much I owe. I’ve put them in order from the smallest to the largest as well. Then I will work on paying off the smallest while making minimum payments on the rest. As I knock them out, one by one, I will put that money towards the next one on the list.

I’ve used a similar method before and it worked very well. I am still paying off bills that I accumulated during and after my divorce.

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