Start by crunching the numbers on both methods. You can find a “debt snowball vs. avalanche” calculator online that will do the math for you and provide a payoff schedule for each method.

“The benefit of this method is that you’ll pay off your smallest balances more quickly, which can be motivating and act as a ...

Depending on your personality, the feeling of "quick wins" from the debt snowball method can provide the nudges you need to keep making your payments, according to Tanya Taylor, a New York City ...

The website's debt snowball calculator is ideal for those working to pay down balances, says Kelsa Dickey, a financial coach with money management firm Fiscal Fitness Phoenix in Arizona.