Debt Snowball Method is a debt paydown method for paying off debts. Debt Snowball focuses on putting extra money into your smallest debt until you’re debt free.
Paying Down Debt
The Debt Avalanche Method is a debt paydown method that helps YOU pay down your debts. Rather than splitting your money to pay them all down equally, the Debt Avalanche method focuses on putting any extra money you have into your debt with the highest interest rate.