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Setting Up A Debt Snowball to Pay Off Student Loans | Debt Payment Plan Video

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To jump right into the debt snowball, jump to 3:05.

I created a debt snowball plan to pay off $43,000 in student loans based on the Dave Ramsey debt snowball method that is super popular for paying off debt. I’m paying off student loans that are mostly parent plus loans that I was told would be covered by someone else. Unfortunately that didn’t happen so I’m choosing to take responsibility and control of the situation for the good of all of us involved! Join me as I tackle the student loan debt!

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Refinancing your student loans could get you a lower interest rate which would allow you to pay off the debt even faster. Refinancing your student loans is often a great combination step to using the debt snowball to pay off debt.

I'm using the debt snowball method to tackle these student loans. This debt snowball tracker is going to be my guide as I tackle repaying all of this debt while also trying to live a normal life. I know the debt snowball method works for student loans because it works for any type of debt.

I've since made this debt snowball into a printable ➝ https://penniesnotperfection.com/shop/debt-payoff-planner-bundle-printable-bundle-debt-snowball-debt-avalanche-worksheet-printables/

The printable above actually included Dave Ramsey inspired debt snowball worksheets and debt avalanche worksheets too, so you can determine if the debt snowball method or debt avalanche method is better for your debt payoff.

I've been paying off this debt for a while now. You can see updates here:

➝ One Year Debt Snowball Update ➝ https://www.youtube.com/watch?v=hIoQ6JaMLrw
➝ How Much Debt We Paid Off in 2019 ➝ https://www.youtube.com/watch?v=Ri00Hk--y5k
➝ Debt Payoff videos ➝ https://www.youtube.com/playlist?list=PLhf4jGRzee7dZ6j5NV0l8HCrp_ChAEGP4

The debt snowball method inspired by Dave Ramsey is a great way to pay off debt because it gives you quick wins and motivation to continue paying off debt with the snowball method. The Dave Ramsey method might not be for everyone since it's not always mathematically the best option but it can be very motivating and it definitely motivated me to write out this snowball for paying off my own student loans!

#debt #debtsnowball #debtfreecommunity


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