Smart Finance: The Snowball vs. Avalanche Debt Method
Compare two popular debt repayment methods to find the best fit for your financial journey.
Debt Snowball Method
This approach focuses on paying off the smallest debt first while making minimum payments on others. It builds motivation through quick wins.
Debt Avalanche Method
This strategy targets the debt with the highest interest rate first, helping you save more money in the long run.
Which One Is Right for You?
Choose the snowball method for motivation and quick results. Choose the avalanche method for mathematical efficiency and interest savings.
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