Learn
Debt Snowball vs Avalanche
Two proven payoff strategies. Snowball focuses on smallest balances first. Avalanche focuses on highest APR first.
Snowball
Pay minimums on everything, then put extra toward the smallest balance for quick wins.
Avalanche
Pay minimums on everything, then put extra toward the highest APR to save interest.
Which to pick?
- Need motivation: Snowball
- Want max interest savings: Avalanche
- Want both: Hybrid (APR 0.60 / Balance 0.40)