Debt Snowball vs Avalanche: Which Pays Off Faster?
If you're paying down debt, two methods dominate: the snowball and the avalanche. Both work — the best one is the one you'll stick with. Here's the honest comparison.
Debt snowball: momentum first
Pay minimums on everything, then throw every extra dollar at your smallest balance. When it's gone, roll that payment into the next smallest. You get quick wins that keep you motivated — powerful psychology.
Debt avalanche: math first
Same idea, but you attack the highest-interest debt first. It saves the most money and time overall, but the first win can take longer.
Which should you pick?
Need motivation? Snowball. Want to minimize interest? Avalanche. Either way, a tracker that shows balances dropping keeps you going — our Debt Payoff Tracker charts both methods so you can see the finish line.
Related: Zero-Based Budgeting Guide.
Debt Payoff Tracker (Gumroad)
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