Debt snowball vs avalanche: how to choose
DigitalMakr · Practical planning guide
Pay every minimum first
List each balance, APR and minimum. Keep all required payments current before allocating extra money.
Compare the two approaches
Snowball targets the smallest balance first; avalanche targets the highest APR first. Avalanche generally minimizes interest under the same payment assumptions, while snowball can offer faster early wins.
Make a realistic plan
Choose an extra payment you can sustain. Revisit your plan if rates or income change. Check lender terms and seek qualified help if minimum payments are unaffordable.