Avalanche vs snowball: which debt payoff method is right for you?

Both methods pay minimums on every debt and put extra money toward one debt at a time.

Key points

• Avalanche targets the highest interest rate first. It saves the most interest.
• Snowball targets the smallest balance first. Quick wins keep many people motivated.
• The best method is the one you will stick with.

What to do next

Try both in the Debt payoff planner and compare the debt-free date and total interest.