Choose Your Debt Payoff Strategy

Select the strategy that works best for you: quick wins with Snowball or maximum savings with Avalanche.

Debt Snowball

Pay Smallest Debts First

✓ Current Strategy

Quick wins build momentum and motivation

Eliminate debts one by one, fastest first

Best for those who need psychological wins

Dave Ramsey's recommended method

How it works: Pay minimum on all debts, then put extra money toward the smallest balance. When that's paid off, roll that payment into the next smallest debt.

Debt Avalanche

Pay Highest Interest First

Save the most money on interest

Mathematically optimal approach

Best for those focused on numbers

Recommended by financial experts

How it works: Pay minimum on all debts, then put extra money toward the highest interest rate debt. When that's paid off, tackle the next highest rate.

Which Strategy is Right for Me?

Choose Snowball if you:

•Need motivation and quick wins
•Have struggled to stick with debt payoff before
•Want to see debts disappear fast
•Have similar interest rates across debts

Choose Avalanche if you:

•Want to save the most money
•Are motivated by math and numbers
•Have high-interest debt (credit cards)
•Can stay committed without quick wins

Good news: Both strategies work! The best strategy is the one you'll stick with. You can always switch strategies later if needed.

Looking for budgeting tools? Check out Favicon Forge - Create favicons