A Quick and Simple Method to Pay Down Debt. The Debt Snowball is one of the most talked about methods for paying off debt, although there’s some disagreement about one of the basic premises of the Debt Snowball – whether to start paying off the smallest debt first or the one with the highest interest rate. I tend to prefer the method of starting with the highest interest rate first because you will save more money, but in some situations, […] Read more »