How does Debt Snowball work?

The Debt Snowball Method:

The procedure is simple yet quite powerful. It makes it possible to pay your debts off by keeping you motivated. The idea here would be to use all of the excess money you have (besides the emergency fund) and concentrate it upon paying off your lowest debt when possible. Clearing your initial debt will provide you more spare money each month in the kind of savings against minimum payment on the repaid debt(s) in addition to the interest you will no more be payingoff. This momentum builds from modest payments in the beginning to bigger amounts of cash much like a snowball rolling down a hill increases size, thus the title of this method, The debt snowball.

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