The snowball method builds momentum through early wins. Each cleared balance frees up its minimum payment, which snowballs onto the next debt. Psychologically it's often the most sustainable approach — but it usually costs more in total interest than the avalanche.
Research suggests people using the snowball are more likely to stick with debt payoff long-term. The best method is the one you'll finish.
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Talk to Auri →Frequently asked questions
Is the snowball worth the extra interest?
For people who've stalled with avalanche, yes. Momentum has real value; the cost is usually a few hundred to a few thousand dollars over years.
Related terms
Avalanche method
Paying off debts in order of highest interest rate first while making minimum payments on the rest.
Debt-to-income (DTI) ratio
The percentage of gross monthly income spent servicing debt.
Minimum payment
The smallest amount you can pay on a credit card or loan without triggering a late fee.