Have any of you had success with the snowball method?

My wife and I just started doing it. My car payment was $500/month, which we just paid off, so we are taking the $500 and putting it towards our next debt. Once that next debt is paid off, we will take the $500 plus whatever the minimum on that debt was and apply it to the next debt.

We aren’t necessarily paying off the highest interest loans first, but I feel like this snowball method will be great. Has it worked for you?

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