Which one is better - Debt Snowball or Debt Avalanche?
Date: Tue, 01/10/2017 - 20:08
Both are suitable DIY
Both are suitable DIY strategies to get out of debt.
Debt Avalanche is definitely better if you want to save money in the long run since you target and pay off the highest interest debts first and continue paying off the next highest interest debt.
In case of Debt Snowball, you start paying off your debts from the lowest balance; so, it can keep you motivated to repay till the last cent.