A payoff strategy where you pay off debts from highest interest rate to lowest.
The avalanche method directs extra payments toward the highest-interest debt first while making minimums on the rest, which minimizes total interest paid over time compared to the snowball method. It requires more discipline since the highest-interest debt isn't always the smallest balance, so early progress can feel slower.
The snowball method of paying debt relies on behavioral psychology to help you eliminate liabilities. Discover how to rank your debts, secure quick wins, and build unstoppable financial momentum.
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