Sign in
💳

Loans & Debt

How to use the debt snowball vs avalanche method

Compare the debt snowball vs. avalanche methods. Learn which is faster, which costs less in interest, and how to choose the right strategy for you.

Quick take

  • Snowball: smallest balance → biggest momentum.
  • Avalanche: highest APR → lowest total interest.

Steps

  1. List all debts with balance, APR, minimums.
  2. Pick a method: motivation (snowball) or math (avalanche).
  3. Pay minimums on all, funnel all extra to the target debt.
  4. When one is paid off, roll its payment into the next.
  5. Automate payments and track progress monthly.

Pro tips

  • If motivation stalls your plan, start snowball then switch to avalanche.
  • Refinance or consolidate before starting if rates are sky-high.

Pitfalls

  • Adding new debt mid-journey.
  • Ignoring variable APR increases on cards.

Frequently Asked Questions

Which is faster?

Avalanche usually—because you attack the highest APR first.

Which is easier to stick with?

Snowball—early wins keep you going.

Ready to Start?

Download the free Debt Method Selector worksheet and choose in 5 minutes.