What is Debt Snowball?
Updated October 24, 2026
The debt snowball is paying off your smallest debt first, then rolling that payment into the next one.
Small wins come fast, which keeps you motivated.
Each paid debt frees up money for the next, so payments snowball.
The avalanche method targets the highest interest first and can save more money.
Example
You clear a $300 card, then add that payment to your $1,000 loan.
Questions people ask
Snowball or avalanche?
Snowball for motivation, avalanche for saving interest.
Should I invest while in debt?
Paying high interest debt first is usually wise.
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