Debt Management5 min read

Debt Payoff Strategies: Avalanche vs Snowball

FT
FinaviHub Team

The Avalanche Method

Pay off debts in order of highest interest rate first, minimizing total interest paid over time.

The Snowball Method

Pay off the smallest balances first, building psychological momentum through quick wins.

Which Should You Choose?

If you're motivated purely by mathematics, the avalanche method saves more money. If you need motivation from visible progress, the snowball method may keep you consistent long enough to succeed.