Debt snowball vs avalanche
Answer
Snowball tackles the smallest balance first for quick wins and motivation. Avalanche tackles the highest APR first and saves the most money overall.
Assumptions
- You make at least minimum payments on every debt
- Extra money goes to one target debt at a time
- Both methods reach $0 — they differ in order and total interest
Calculation
Snowball: sort debts smallest → largest balance. Throw extra at #1 until paid, roll its payment into #2, repeat.
Avalanche: sort debts highest → lowest APR. Throw extra at the highest-APR debt first. Mathematically optimal.
Avalanche: sort debts highest → lowest APR. Throw extra at the highest-APR debt first. Mathematically optimal.
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Frequently asked
Which one should I pick?
If quick wins keep you motivated, snowball. If pure savings matter most, avalanche. Both work — what matters is sticking with it.
How much more does avalanche save?
Usually a few hundred to a few thousand dollars depending on APR spread and balance sizes.
Estimates only. Figures are before taxes and deductions unless noted.