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In What Order Should I Pay Off My Debts? A Rational Guide to the Debt Snowball, Debt Avalanche, and Other Considerations RPF0032

Radical Personal Finance

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The Debt Snowball Methodology

The debt avalanche is to list all your debts in order of the highest interest rate to the lowest interest rate. By doing this, you're wiping out the interest payments. This will mately be the least expensive way to pay off the debts. The other two are ones that i've just heard here and there, the deaths o name. We'll do some number crunching and show when this matters and when this doesn't matter.

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