The snowball method to pay off debt is a strategy that involves listing your debts from smallest to largest and making minimum payments on all of them each month. You then take any extra money you have and apply it to the smallest debt. Once that debt is paid off, you take the money you were putting towards it and apply it to the next smallest debt, and so on. This method helps you to build momentum and stay motivated, as you can see your debts shrinking quickly.
The snowball method is a good option for people who have multiple debts and are struggling to make progress. It can help you to get out of debt faster and save money on interest. However, it is important to note that the snowball method is not always the most efficient way to pay off debt. If you have a high-interest debt, it may be better to focus on paying that off first, even if it is not the smallest debt you have.