Debt Snowball vs. Debt Avalanche: Which Method Is Best for Crushing Debt?
The Debt Snowball and Debt Avalanche methods are two popular strategies for paying off debt. The Snowball method focuses on paying off the smallest debts first, providing quick wins and motivational boosts. In contrast, the Avalanche method targets debts with the highest interest rates, saving more money over time. Choosing the right approach depends on personal preference: Snowball suits those who need momentum, while Avalanche appeals to those focused on minimizing costs. Both methods can be effective—what matters most is consistency, commitment, and choosing the strategy that keeps you moving forward.