A debt snowball sheet is a financial planning tool that helps individuals eliminate debt by focusing on paying off the smallest debt first, while making minimum payments on all other debts. Once the smallest debt is paid off, the extra money is applied to the next smallest debt, and so on, until all debts are paid off.
Debt snowball sheets are a simple and effective way to get out of debt. They help individuals stay motivated and focused on their goal of becoming debt-free. Additionally, debt snowball sheets can help individuals save money on interest payments.