Debt Payoff Planning: Snowball vs Avalanche (Which Saves You More?)

Jun 12

1 min read

Two popular payoff methods are the Snowball and the Avalanche. The best choice depends on your budget and what keeps you consistent.

Snowball method

Pay off the smallest balances first to build momentum, while paying minimums on everything else.

Avalanche method

Pay off the highest interest rate first to reduce total interest paid, while paying minimums on everything else.

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We help you choose a strategy, build a realistic budget, and track progress. Submit the credit counseling form to get started.

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Snowball method

Avalanche method

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