Guides ยท Finance
Debt Snowball vs Avalanche
Choose a payoff method
Debt snowball pays smallest balances for quick wins; avalanche pays highest rates to minimize interest?both maintain minimums on all debts.
- debt snowball
- debt avalanche
- interest
- behavior
- motivation
Compare Methods
Snowball boosts motivation; avalanche saves more interest.
Choose Fit
Pick the method you?ll sustain; automate payments.
Stay on Track
Revisit as balances drop; avoid adding new debt.