The Debt Snowball Tracker automatically organizes your debts from smallest to largest principal balance. Because the tracker follows the debt snowball method, you cannot manually rearrange your debts.
How Does the Debt Snowball Work?
The debt snowball method helps you build momentum by paying off your smallest debts first.
Here's how it works:
- List your debts from smallest to largest balance.
- Make minimum payments on all your debts.
- Put any extra money toward your smallest debt.
- Once that debt is paid off, roll its payment into the next smallest debt.
- Repeat until all your debts are paid off!
Paying off smaller debts first helps you build motivation as you work toward becoming debt-free.
To learn more, check out How the Debt Snowball Method Works
Can I Rearrange My Debts in EveryDollar?
No. Once you've confirmed that you want to sync your EveryDollar account with the Baby Steps Tracker, your debts will automatically follow the debt snowball order.
You won't be able to manually rearrange them in EveryDollar after syncing.
Where Can I Track My Debt Snowball?
You can track your debt payoff progress in Baby Step 2 of the Baby Steps Tracker.
Visit the Baby Step 2 Debt Snowball Tracker and sign in to your account to get started.