Pay Off Debt: Snowball vs Avalanche (and Total Interest)
Both use the same extra payment. What changes is order and total interest. See the cost before you pick the plan that feels easier.
Snowball pays the smallest balance first. Avalanche pays the highest interest rate first. Same extra payment, different order.
Snowball
Clearing small balances first can keep you paying extra when motivation matters more than the last dollar of interest.
Avalanche
High-rate cards and expensive debt usually cost less total interest in avalanche order. Run both schedules with your real balances.
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