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.
Step 2: Rank Your Debt By Interest Rate. Make a list of all your debt with amounts and the interest rate. The highest interest rate should be at the top as this is what youâll pay off first. Paying off your high interest debt is the key to the Stack Method and paying off debt as fast as possible.