Choose the Debt Payoff Method That Matches Your Personality

There are two proven ways to pay off multiple debts. The avalanche method attacks the highest interest rate first, saving the most money in the long run. The snowball method pays off the smallest balance first, giving you a quick win that builds momentum.

Math says avalanche wins. But a method you abandon after two months wins nothing. If small victories keep you going, start with the snowball, and switch to avalanche once the habit sticks.