Debt Snowball vs Debt Avalanche: Which Pays Off Debt Faster – and Which One You’ll Actually Finish
The math says you should use the debt avalanche method. Behavioral research proves you are much more likely to complete the debt snowball method. The best strategy is whichever one you will actually finish. The debt avalanche minimizes total interest by targeting your highest-rate accounts first, but progress can feel painfully slow on large balances. … Read more