The Two Most Popular Debt Payoff Strategies

If you've ever Googled 'how to pay off debt,' you've probably come across two main strategies: the debt snowball and the debt avalanche. Both work. Both have helped millions of people become debt-free. But they approach the problem from completely different angles.

Why the 'Right' Answer Depends on You

Here's what the spreadsheet warriors won't tell you: the best debt payoff strategy is the one you'll actually follow. A mathematically perfect plan that you abandon after three months is infinitely worse than a slightly suboptimal plan you stick with for two years.

What Spendify Helps You See

This is exactly why we built the Debt Planner in Spendify. Instead of picking a strategy and hoping it works, you can actually see both approaches side by side.

The Bottom Line

Stop stressing about which method is 'right.' They both work. The real question is: which one fits how your brain works?