Your Debts
Payoff Strategy
Frequently Asked Questions
What is the avalanche method?
The avalanche method prioritizes debts with the highest interest rates first, saving the most money on interest over time. It's mathematically optimal but may take longer to see progress.
What is the snowball method?
The snowball method prioritizes debts with the smallest balances first, providing quick wins and motivation. It may cost more in interest but helps maintain momentum.
How much extra payment should I make?
Start with what you can comfortably afford - even $50-100 extra can make a big difference. As debts are paid off, redirect those payments to remaining debts (payment snowball).