Avalanche vs. Snowball: Which Pays Debt Off Faster?

The highest‑interest‑first method (avalanche) usually wins. Here’s the simplest way to start. For the step-by-step version: Gloriouswealthfirst.com

Pay minimums on all debts. Throw every extra dollar at the highest APR balance. When it’s gone, roll that payment to the next.

Why Avalanche Usually Wins: Interest is your enemy. Killing the worst APR first cuts total interest paid and often the total time too.

Quick Start:

1. List debts with APR, balance, minimum.

2. Sort by APR (high → low).

3. Keep minimums, pile extra on #1.

4. When #1 is done, roll that payment to #2 (the “debt snowball effect” inside the avalanche).

Example:Card A: $2,000 @ 26% | Card B: $3,000 @ 19% | Loan: $5,000 @ 7%. Extra $300/mo goes to Card A first. Result: less interest overall.

Grab the fill‑in Debt Snapshot template inside our "Optimize Taxes and Crush Your Debt" Ebook.