028 – Does the Debt Snowball Really Work?

Have you ever heard of the Debt Snowball? If so, you know that it’s a debt-payoff model made famous by Dave Ramsey. If you haven’t heard about it, you’re about to! Either way, you might be wondering, “Does it really work?” Absolutely! I’ve personally used it to pay off several debts of my own and I’m excited to see you do the same. So today, I want to give you a crash course on what the Debt Snowball is, how it’s used, and how it can work for you. Plus, I’m giving away a free budget template to help you get started even faster! Learn all about it on today’s episode of the Daily New Year’s Podcast. Let’s go! --------- For the full show notes, links, and resources, visit https://www.austinbollinger.com/podcast/028-does-the-debt-snowball-really-work/ --------- — What is the Debt Snowball? – [03:37] — How does the Debt Snowball Work? – [04:36] — The Debt Avalanche vs. The Debt Snowball – [05:46] — Does the Debt Snowball Work? – [10:20] — Use Undebt.it to Track Your Progress – [12:58] — Be Patient and Have Fun – [17:15] — Starting a Budget with the Daily New Years Budget Template – [19:57]