Debt Snowball vs Debt Avalanche: What's the Difference?
Both pay minimums on every debt and throw extra money at one target. Snowball targets the smallest balance first; avalanche targets the highest interest rate first.
| Snowball | Avalanche | |
|---|---|---|
| First target | Smallest balance | Highest APR |
| Total interest paid | Usually more | Least (mathematically optimal) |
| Motivation | Quick wins keep you going | Slower first win |
| Best for | People who need momentum | People driven by numbers |
Bottom line
Avalanche saves the most money; snowball is easier to stick with. The best method is the one you'll follow until every balance is zero.
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