How to Pay Off Credit Card Debt Fast: Avalanche vs Snowball
$6,500 Average Debt at 22% Interest
That costs over $1,400/year in interest alone. Two proven strategies to eliminate it:
Avalanche Method (Mathematically Optimal)
Pay minimums on everything, throw extra at the highest interest rate first. Saves the most money overall.
Snowball Method (Psychologically Optimal)
Pay minimums on everything, throw extra at the smallest balance first. Quick wins keep you motivated. Harvard research shows higher completion rates.
Which One?
Disciplined? Avalanche. Need motivation? Snowball. The best method is whichever you’ll actually stick with.
Accelerator: A 0% APR balance transfer card can pause interest for 15-21 months while you pay down principal.
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