Finance
Debt Payoff: Snowball vs Avalanche
Add your debts. Set extra monthly budget. See which payoff strategy gets you out fastest and saves more interest.
FAQ
Which is better? +
Mathematically: avalanche. Psychologically: snowball. Dave Ramsey-style snowball wins when you need quick wins to stay motivated. Avalanche wins when discipline isn't an issue.
What if I can't afford extra? +
Even $25/month extra makes a measurable difference on high-interest debt. Find one expense to cut.