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.
So if youâre carrying a bunch of maxed-out credit cards, your credit score is likely in the tank. The most straightforward way to improve your debt-to-credit ratio is to simply pay down those balances. But chances are if youâre in a lot of debt, you canât pay off all the balances right away.ut to get the most credit score traction out of every extra payment, you do need to come up with a plan for paying down your credit cards in a certain way. The snowball method. The snowball method is excellent for paying off debt quickly and efficiently.