Credit card debt can be very dangerous. With revolving balances and double-digit interest rates, your debt can quickly balloon out of control.

There are several strategies experts recommend for paying off debt, including the debt avalanche and debt snowball methods. With the debt avalanche approach, you prioritize paying off the card with the highest APR, saving you interest charges in the long run. With the debt snowball method, you focus on paying off the smallest debts first, racking up small wins quickly that can give you the motivation to stick with your debt payoff plan.

Both methods rely on budgeting money every month for minimum payments on some debts, plus extra money to throw at the debt you’re prioritizing. But what if you feel there is no money in your budget to set aside for these payments? That’s where the snowflake method comes in. It doesn’t replace the avalanche or snowball methods, but rather is a way to find the money you need for either approach.

What is the debt snowflake method?

Instead of worrying about how to come up with large lump sum payments for your debts, you look for ways to shave money off your everyday spending or earn a little extra pocket change. You then use that “found money” to make very small, frequent payments on your credit card accounts. While the amounts may seem microscopic compared to your overall debt balance, over time, the little payments add up and knock off months from your repayment term, saving you hundreds of dollars.

Debt snowflake is a method that you can use in combination with other repayment methods. Whether you decide to tackle your highest interest debt first, or the debt with the…