How does Debt Snowball work

You'll pay off debts in the order of smallest to largest. Make the minimum payments for all of your debts each month then focus any extra money you have on the smallest debt.

How does Debt Avalanche work

You'll work on paying off the debt with the highest interest rate first. This may mean that you have to wait longer for your first debt payoff win.

What Method Did We Use To Pay Off Debt?

Honestly, we are using a mix of both methods, and it is working very well for us. We started off with the Debt Snowball & later decided to do Debt Avalanche & pay off our student loans.