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.
Pros. 1  Starting with the smallest payments first can provide quick wins and a sense of accomplishment. 2  Itâs a tried and true method to pay off debt. 3  As you eliminate your smaller balances, you can free up extra funds to focus on the next balance.