Debt Snowball vs. Debt Avalanche: Which Debt Payoff Method Is Best?

The debt snowball and debt avalanche are two of the most popular methods for paying off debt.

When you first start paying off debt, the most important thing is to have a plan. Without a plan, paying off debt can seem like a daunting task, which will quickly deflate any motivation you have to, you know, actually pay off debt.

Having a plan can help you realize that debt is not forever and that it's possible to be debt free. So often, debt feels like a lifetime sentence, but it doesn’t have to be.

As you explore the different types of debt pay-off plans, the debate between the debt snowball vs. debt avalanche is bound to come into play. Each side of the debate makes strong points for their favorite debt repayment strategy. But, which is the best debt payoff method? Let’s take a closer look at how these two strategies compare.