Which is to say, the speaker has acknowledged that the accounting shenanigans used to get this bill passed in the teeth of statutory spending constraints are basically bullsh**. But thereâs a lot of bullsh** going around Washington just now.
So then I tried the âlittle debtsâ approach. You knowâ¦ Pay off the smallest debt, then take the payment you were making on that and put it against the next debt. Thatâs often called the debt snowball, and the idea behind it is that seeing that âwinâ early is supposed to motivate you.
There are several tactics you can use to get your debt into a manageable state, with one of the more popular ones called Debt Snowflaking. Hereâs how it breaks down. The Snowflake method is a twist on the Debt Snowball strategy, which we discussed in detail in a previous article. In addition to tallying up your debt totals and putting them in order from the lowest balance to the highest, you then start making micro-sized debt payments to accelerate your debt payoff.