Create a strategic plan to eliminate debt faster. Compare debt snowball vs avalanche methods and see your payoff timeline.
Additional amount you can pay toward debt each month
Pays smallest debts first for quick wins
Pays highest interest first to save money
The debt snowball method focuses on paying off your smallest debts first, regardless of interest rate. This approach provides psychological motivation through quick wins as you eliminate debts one by one.
Best for: People who need motivation and quick wins to stay committed to debt payoff.
The debt avalanche method prioritizes paying off debts with the highest interest rates first. This approach saves the most money on interest over time.
Best for: People who want to minimize total interest paid and are motivated by financial efficiency.
Both methods are effective. Choose based on what keeps you motivated:
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