Guides ยท Finance
Paying Off Debt Strategies
Pick a payoff plan
Debt payoff benefits from prioritizing high-rate balances while maintaining minimums on all accounts.
- avalanche
- snowball
- interest rates
- minimum payments
- budget
List Debts
Track balances, rates, and minimums for all debts.
Choose a Method
Avalanche targets highest rates first; snowball targets smallest balances for momentum.
Execute
Automate payments, avoid new debt, and celebrate milestones.