Introduction:
Paying off debt can feel overwhelming, but choosing the right strategy makes a difference. Compare the Debt Snowball and Debt Avalanche methods to find your best fit.
Body:
- Debt Snowball – Pay off smallest debts first for quick wins (motivational approach).
- Debt Avalanche – Target high-interest debts first to save money long-term (mathematically optimal).
- Which to Choose?
- Snowball = Better for motivation.
- Avalanche = Better for interest savings.