What the snowball method does
The snowball method pays the smallest balance first while maintaining minimums on the rest. It can create early wins and momentum.
What the avalanche method does
The avalanche method pays the highest interest rate first. It is usually the mathematically efficient option when you can stay consistent.
How to choose
Pick avalanche if interest cost motivates you. Pick snowball if quick wins keep you moving. The best method is the one you will actually finish.
Where a tracker helps
A tracker turns either method into a repeatable monthly routine: update balances, send extra payment, and review the next target.
Product recommendation
Recommended DaveWays resources
OFF THE CARD
A credit card debt payoff kit with a guide, worksheets, and tracking spreadsheet.
Monthly Money Dashboard
A dashboard-style money tracker for monthly cash flow, bills, debt, and savings.
FAQ
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