Guides ยท Finance
Debt Paydown Strategies Basics
Pick avalanche or snowball
Paying down debt can prioritize highest interest (avalanche) to minimize cost, or smallest balances (snowball) for motivation; either requires a budget, autopay above minimums, and avoiding new debt.
- debt payoff
- avalanche
- snowball
- interest
- budget
Choose Method
Avalanche for least interest; snowball for quick wins.
Automate
Autopay above minimums on target debt; pay minimums on others.
Prevent Slips
Pause new debt; adjust budget to stay on track.