The Avalanche vs. Snowball: Which Debt Strategy is Best?
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Oct 15, 2024
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FinSafe Team
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7 min read
Debt repayment is both a math problem and a behavioral problem.
The Avalanche (Math)
Pay off the highest interest rate first. This minimizes the total amount you pay and gets you debt-free the fastest.
The Snowball (Psychology)
Pay off the smallest balance first. The quick win provides a dopamine boost that helps you stick to the plan.
Winning Either Way
The 'best' strategy is whichever one you will actually follow until the end. Pick one and start today.