How To Use the Debt Snowball to Pay Off Credit Card Debt

Get my Financial Priority Flowchart here: https://nick.kit.com/priority

Eric came to me after major legal expenses left him with a pile of credit card debt.

In this coaching session, I show Eric how to build a debt snowball, decide when strategies like balance transfers actually make sense, and—most importantly—fix the spending plan underneath the debt.

Because getting out of debt isn't enough. The goal is to build the budgeting skills required to stay out of debt for good.

▶️ TIMESTAMPS
0:00 Intro
0:55 Organizing the credit card debt
1:28 Debt snowball vs. debt avalanche
3:21 The Financial Priority Flowchart
5:46 Should you consolidate credit card debt?
6:56 Setting up the debt snowball in YNAB
8:08 The high-earner “make more money” trap
8:27 Eric’s homework

Use My YNAB Affiliate Link for a free month: https://mappedoutmoney.com/ynab

Interested in working with me?: https://mappedoutmoney.com/coaching/
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My Website: https://mappedoutmoney.com/
Podcast: https://podcasts.apple.com/us/podcast/mapped-out-money/id1503281170
Twitter: https://twitter.com/nickdtrue