If you’re drowning in debt, choosing the right payoff strategy can make all the difference. Two of the most effective approaches are the Avalanche and the Snowball methods.
- Avalanche Method – You focus on debts with the highest interest rates first. This saves the most money in the long run, but it may take longer to see the first balance disappear.
- Snowball Method – You pay off the smallest balance first, regardless of interest rate. This provides quick wins and a motivational boost to keep going.
Both strategies are effective—it just depends on whether you value saving money or staying motivated. If you’re struggling to decide, guidance from professional debt solutions can help you choose the right method. And once you commit, you may also benefit from tools designed for cleaning up debt faster.
Whichever method you choose, the most important step is consistency. Sticking to a strategy builds momentum and keeps you moving closer to a debt-free life.