{"id":358,"date":"2026-02-26T15:56:03","date_gmt":"2026-02-26T10:26:03","guid":{"rendered":"https:\/\/prodigypro.co.in\/blog\/?p=358"},"modified":"2026-02-26T16:14:48","modified_gmt":"2026-02-26T10:44:48","slug":"debt-snowball-vs-debt-avalanche","status":"publish","type":"post","link":"https:\/\/prodigypro.co.in\/blog\/debt-snowball-vs-debt-avalanche\/","title":{"rendered":"Debt Snowball vs. Debt Avalanche: Which Method WorksTruly Best For YOU?"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/prodigypro.co.in\/blog\/wp-content\/uploads\/2026\/02\/Debt-Snowball-vs.-Debt-Avalanche-1024x576.webp\" alt=\"Debt Snowball vs. Debt Avalanche\" class=\"wp-image-359\" srcset=\"https:\/\/prodigypro.co.in\/blog\/wp-content\/uploads\/2026\/02\/Debt-Snowball-vs.-Debt-Avalanche-1024x576.webp 1024w, https:\/\/prodigypro.co.in\/blog\/wp-content\/uploads\/2026\/02\/Debt-Snowball-vs.-Debt-Avalanche-300x169.webp 300w, https:\/\/prodigypro.co.in\/blog\/wp-content\/uploads\/2026\/02\/Debt-Snowball-vs.-Debt-Avalanche-768x432.webp 768w, https:\/\/prodigypro.co.in\/blog\/wp-content\/uploads\/2026\/02\/Debt-Snowball-vs.-Debt-Avalanche-1536x864.webp 1536w, https:\/\/prodigypro.co.in\/blog\/wp-content\/uploads\/2026\/02\/Debt-Snowball-vs.-Debt-Avalanche-2048x1152.webp 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/prodigypro.co.in\/blog\/debt-snowball-vs-debt-avalanche\/#Debt_Snowball_vs_Debt_Avalanche\" >Debt Snowball vs. Debt Avalanche<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/prodigypro.co.in\/blog\/debt-snowball-vs-debt-avalanche\/#Understanding_Debt_Repayment_Strategies_An_Overview\" >Understanding Debt Repayment Strategies: An Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/prodigypro.co.in\/blog\/debt-snowball-vs-debt-avalanche\/#The_Debt_Snowball_Method_How_It_Works_and_Its_Benefits\" >The Debt Snowball Method: How It Works and Its Benefits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/prodigypro.co.in\/blog\/debt-snowball-vs-debt-avalanche\/#The_Debt_Avalanche_Method_Maximising_Interest_Savings\" >The Debt Avalanche Method: Maximising Interest Savings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/prodigypro.co.in\/blog\/debt-snowball-vs-debt-avalanche\/#Comparing_Debt_Snowball_and_Debt_Avalanche_Pros_and_Cons\" >Comparing Debt Snowball and Debt Avalanche: Pros and Cons<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/prodigypro.co.in\/blog\/debt-snowball-vs-debt-avalanche\/#Debt_Snowball\" >Debt Snowball<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/prodigypro.co.in\/blog\/debt-snowball-vs-debt-avalanche\/#Debt_Avalanche\" >Debt Avalanche<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/prodigypro.co.in\/blog\/debt-snowball-vs-debt-avalanche\/#Choosing_the_Right_Debt_Management_Strategy_for_Your_Financial_Goals\" >Choosing the Right Debt Management Strategy for Your Financial Goals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/prodigypro.co.in\/blog\/debt-snowball-vs-debt-avalanche\/#Key_Investor_Takeaways\" >Key Investor Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/prodigypro.co.in\/blog\/debt-snowball-vs-debt-avalanche\/#On_a_parting_note%E2%80%A6\" >On a parting note\u2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/prodigypro.co.in\/blog\/debt-snowball-vs-debt-avalanche\/#What_is_the_Debt_Snowball_technique\" >What is the Debt Snowball technique?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/prodigypro.co.in\/blog\/debt-snowball-vs-debt-avalanche\/#How_does_the_Debt_Avalanche_save_money\" >How does the Debt Avalanche save money?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/prodigypro.co.in\/blog\/debt-snowball-vs-debt-avalanche\/#Whats_one_advantage_of_the_Debt_Snowball\" >What\u2019s one advantage of the Debt Snowball?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/prodigypro.co.in\/blog\/debt-snowball-vs-debt-avalanche\/#Whats_a_key_benefit_of_the_Debt_Avalanche\" >What\u2019s a key benefit of the Debt Avalanche?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/prodigypro.co.in\/blog\/debt-snowball-vs-debt-avalanche\/#How_should_I_choose_a_debt_repayment_plan\" >How should I choose a debt repayment plan?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Debt_Snowball_vs_Debt_Avalanche\"><\/span>Debt Snowball vs. Debt Avalanche<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You\u2019re looking at a column of debts. Credit card dues. Maybe a personal loan. Maybe a loan from a friend that is always at the back of your mind every time you meet them leaving you feeling guilty and pressured.<br>And the moment you add everything up, your stomach tightens a little, you feel nervous, anxious and maybe nauseated.<\/p>\n\n\n\n<p>If you\u2019re feeling overwhelmed, that\u2019s not a failure, don\u2019t worry. That\u2019s a normal response to too many numbers demanding too much attention at the same time and that can overwhelm anyone.<\/p>\n\n\n\n<p>This blog isn\u2019t here to judge how you got into debt or mock you for that. It\u2019s here to help you <strong>get out of it without burning out, and feeling like a mess<\/strong>.<\/p>\n\n\n\n<p>We\u2019re breaking down two common and genuinely effective methods: the <strong>Debt Snowball<\/strong> and the <strong>Debt Avalanche<\/strong>. One gives you emotional momentum quickly. The other saves you more money over time.<br>Neither is \u201cbetter\u201d in isolation. Let\u2019s figure out!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Understanding_Debt_Repayment_Strategies_An_Overview\"><\/span><strong>Understanding Debt Repayment Strategies: An Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Let\u2019s strip this down to basics.<\/p>\n\n\n\n<p>You owe money in multiple places. Different amounts. Different interest rates. Different stress levels attached to each one.<br>When people say \u201cI\u2019m paying my debts,\u201d most of the time they mean <em>surviving<\/em> month to month, not actually reducing the problem.<\/p>\n\n\n\n<p>A debt repayment strategy is simply a <strong>clear decision-making framework<\/strong>.<br>It tells you:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>where your extra money goes<\/li>\n\n\n\n<li>what you ignore (for now)<\/li>\n\n\n\n<li>and what you attack first<\/li>\n<\/ul>\n\n\n\n<p>Without a plan, everything feels urgent. With a plan, at least <strong>one thing feels under control<\/strong>.<\/p>\n\n\n\n<p>Think of debt like clutter. You can\u2019t clean the entire house in one day. But once one corner looks clean, your brain relaxes. That\u2019s the role a strategy plays.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Debt_Snowball_Method_How_It_Works_and_Its_Benefits\"><\/span><strong>The Debt Snowball Method: How It Works and Its Benefits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Debt Snowball method starts with a very human assumption:<\/p>\n\n\n\n<p>\u201cIf I don\u2019t feel progress, I\u2019ll quit.\u201d<\/p>\n\n\n\n<p><strong>Here\u2019s how it works in practice:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You list all your debts from <strong>smallest balance to largest<\/strong><\/li>\n\n\n\n<li>You pay the minimum on all of them<\/li>\n\n\n\n<li>Any extra money goes toward the <strong>smallest debt<\/strong><\/li>\n\n\n\n<li>Once that debt is gone, you roll that payment into the next one<\/li>\n<\/ul>\n\n\n\n<p>That\u2019s it. No math gymnastics. No interest calculations.<\/p>\n\n\n\n<p>And yes, financial purists don\u2019t love this method.<br>But here\u2019s the thing they forget: <strong>people are not spreadsheets<\/strong>.<\/p>\n\n\n\n<p>Paying off a small debt early gives you something powerful:<br>confidence.<\/p>\n\n\n\n<p>That moment when one debt disappears completely?<br>It changes how you see the rest of the list. Suddenly, it\u2019s not endless anymore.<\/p>\n\n\n\n<p><strong>This method works especially well if:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>debt makes you anxious<\/li>\n\n\n\n<li>you\u2019ve quit repayment plans before<\/li>\n\n\n\n<li>you need emotional momentum more than mathematical perfection<\/li>\n<\/ul>\n\n\n\n<p>You\u2019re buying motivation. And sometimes, motivation is worth more than saved interest.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Debt_Avalanche_Method_Maximising_Interest_Savings\"><\/span><strong>The Debt Avalanche Method: Maximising Interest Savings<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Now let\u2019s switch gears and talk logic.<\/p>\n\n\n\n<p>The Debt Avalanche method assumes something different:<\/p>\n\n\n\n<p>\u201cIf I know I\u2019m saving money, I\u2019ll stay disciplined.\u201d<\/p>\n\n\n\n<p>Instead of balances, this method focuses on <strong>interest rates<\/strong>.<\/p>\n\n\n\n<p>The steps are simple:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>List all debts by interest rate (highest to lowest)<\/li>\n\n\n\n<li>Pay minimums on everything<\/li>\n\n\n\n<li>Throw all extra money at the highest-interest debt<\/li>\n\n\n\n<li>Once it\u2019s gone, move to the next one<\/li>\n<\/ul>\n\n\n\n<p>This approach is financially efficient.<br>You reduce the total interest paid and, in many cases, shorten the overall debt timeline.<\/p>\n\n\n\n<p>But let\u2019s be honest.<\/p>\n\n\n\n<p>If your highest-interest debt is also your largest one, this method can feel slow. You might be paying aggressively for months and still see a big number staring back at you.<\/p>\n\n\n\n<p><strong>This works best if:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>you\u2019re patient<\/li>\n\n\n\n<li>you\u2019re numbers-oriented<\/li>\n\n\n\n<li>you\u2019re motivated by knowing you\u2019re doing the \u201csmart\u201d thing<\/li>\n<\/ul>\n\n\n\n<p>It\u2019s less emotionally rewarding upfront, but financially satisfying over time.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Comparing_Debt_Snowball_and_Debt_Avalanche_Pros_and_Cons\"><\/span><strong>Comparing Debt Snowball and Debt Avalanche: Pros and Cons<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Let\u2019s stop pretending one method is universally superior.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Debt_Snowball\"><\/span><strong>Debt Snowball<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><strong>Pros<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You feel progress early<\/li>\n\n\n\n<li>Motivation stays alive<\/li>\n\n\n\n<li>Easier to stick with emotionally<\/li>\n<\/ul>\n\n\n\n<p><strong>Cons<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You may pay more interest overall<\/li>\n\n\n\n<li>Not mathematically optimal<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Debt_Avalanche\"><\/span><strong>Debt Avalanche<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><strong>Pros<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Saves more money over time<\/li>\n\n\n\n<li>Attacks the most expensive debt first<\/li>\n\n\n\n<li>Efficient and logical<\/li>\n<\/ul>\n\n\n\n<p><strong>Cons<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Progress can feel invisible early on<\/li>\n\n\n\n<li>Requires patience and consistency<\/li>\n<\/ul>\n\n\n\n<p>Here\u2019s the uncomfortable truth:<\/p>\n\n\n\n<p>The \u201cbest\u201d method is useless if you abandon it halfway.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Choosing_the_Right_Debt_Management_Strategy_for_Your_Financial_Goals\"><\/span><strong>Choosing the Right Debt Management Strategy for Your Financial Goals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This decision isn\u2019t about intelligence. It\u2019s about <strong>self-awareness<\/strong>.<\/p>\n\n\n\n<p>If motivation is your weak point, choose <strong>Debt Snowball<\/strong>.<br>If discipline is your strength, choose <strong>Debt Avalanche<\/strong>.<\/p>\n\n\n\n<p>And yes, you\u2019re allowed to mix approaches.<\/p>\n\n\n\n<p><strong>You can:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>clear one small, annoying debt first<\/li>\n\n\n\n<li>then switch to the Avalanche<\/li>\n<\/ul>\n\n\n\n<p>There\u2019s no moral victory in suffering longer than necessary.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Investor_Takeaways\"><\/span><strong>Key Investor Takeaways<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Let\u2019s pause and talk real-world takeaways \u2014 the kind you\u2019d actually act on.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Debt freedom is behavioural, not intellectual<\/strong><strong><br><\/strong>Knowing the right method isn\u2019t the problem. Sticking to it is.<\/li>\n\n\n\n<li><strong>Momentum matters more than optimisation in the early stages<\/strong><strong><br><\/strong>If motivation drops, even the \u201cbest\u201d plan collapses.<\/li>\n\n\n\n<li><strong>Interest is silent but expensive<\/strong><strong><br><\/strong>High-interest debt should not be ignored for long, even if you start with Snowball.<\/li>\n\n\n\n<li><strong>Consistency beats aggression<\/strong><strong><br><\/strong>Paying a manageable extra amount every month is better than an unrealistic plan you quit.<\/li>\n\n\n\n<li><strong>The best plan is the one that fits your personality<\/strong><strong><br><\/strong>If a method feels unbearable, it won\u2019t last. Adjust it. Don\u2019t abandon it.<\/li>\n<\/ul>\n\n\n\n<p><strong>Also, Check &#8211; <a href=\"https:\/\/prodigypro.co.in\/blog\/overcoming-loss-aversion-tips\/\">Overcoming Loss Aversion: Tips for Rational Investing<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"On_a_parting_note%E2%80%A6\"><\/span><strong>On a parting note\u2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Debt Snowball and Debt Avalanche are tools.<br>Not judgments. Not labels. Not reflections of intelligence.<\/p>\n\n\n\n<p>One helps you <strong>feel progress<\/strong>.<br>The other helps you <strong>save money<\/strong>.<\/p>\n\n\n\n<p>The real victory is choosing a path and walking it patiently, month after month, until debt no longer controls your decisions.<\/p>\n\n\n\n<p>That\u2019s when financial freedom actually begins.<\/p>\n\n\n\n<p>If this helped you see debt differently, share your thoughts in the comments.<br>You can also reach out via phone, WhatsApp, or email to learn more about mutual funds, or explore investing through the Prodigy Pro app.<\/p>\n\n\n\n<p><strong>Disclaimer:<\/strong> This article is for educational purposes only and does not substitute professional financial advice. Mutual fund investments are subject to market risks. Please read all scheme-related documents carefully before investing.<\/p>\n\n\n<div ><style>#sp-ea-357 .spcollapsing { height: 0; overflow: hidden; transition-property: height;transition-duration: 300ms;}#sp-ea-357.sp-easy-accordion>.sp-ea-single {margin-bottom: 10px; border: 1px solid #e2e2e2; }#sp-ea-357.sp-easy-accordion>.sp-ea-single>.ea-header a {color: #ffffff;}#sp-ea-357.sp-easy-accordion>.sp-ea-single>.sp-collapse>.ea-body {background: #fff; color: #444;}#sp-ea-357.sp-easy-accordion>.sp-ea-single {background: #7c8cff;}#sp-ea-357.sp-easy-accordion>.sp-ea-single>.ea-header a .ea-expand-icon { float: left; color: #444;font-size: 16px;}<\/style><div id=\"sp_easy_accordion-1772097553\"><div id=\"sp-ea-357\" class=\"sp-ea-one sp-easy-accordion\" data-ea-active=\"ea-click\" data-ea-mode=\"vertical\" data-preloader=\"\" data-scroll-active-item=\"\" data-offset-to-scroll=\"0\"><div class=\"ea-card ea-expand sp-ea-single\"><h3 class=\"ea-header\"><span class=\"ez-toc-section\" id=\"What_is_the_Debt_Snowball_technique\"><\/span><a class=\"collapsed\" id=\"ea-header-3570\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse3570\" aria-controls=\"collapse3570\" href=\"#\" aria-expanded=\"true\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-minus\"><\/i> What is the Debt Snowball technique?<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3><div class=\"sp-collapse spcollapse collapsed show\" id=\"collapse3570\" data-parent=\"#sp-ea-357\" role=\"region\" aria-labelledby=\"ea-header-3570\"> <div class=\"ea-body\"><p><span style=\"font-weight: 400\">You pay off debts from smallest to largest first.<\/span><span style=\"font-weight: 400\"><br \/><\/span><span style=\"font-weight: 400\">If seeing progress keeps you motivated, this method can help you stay consistent.<\/span><span style=\"font-weight: 400\"><br \/><\/span><span style=\"font-weight: 400\">Choose this then!<\/span><\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><span class=\"ez-toc-section\" id=\"How_does_the_Debt_Avalanche_save_money\"><\/span><a class=\"collapsed\" id=\"ea-header-3571\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse3571\" aria-controls=\"collapse3571\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> How does the Debt Avalanche save money?<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse3571\" data-parent=\"#sp-ea-357\" role=\"region\" aria-labelledby=\"ea-header-3571\"> <div class=\"ea-body\"><p><span style=\"font-weight: 400\">It saves money by attacking the highest-interest debts first, you easily stop interest from quietly draining your money every month.<\/span><\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><span class=\"ez-toc-section\" id=\"Whats_one_advantage_of_the_Debt_Snowball\"><\/span><a class=\"collapsed\" id=\"ea-header-3572\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse3572\" aria-controls=\"collapse3572\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> What\u2019s one advantage of the Debt Snowball?<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse3572\" data-parent=\"#sp-ea-357\" role=\"region\" aria-labelledby=\"ea-header-3572\"> <div class=\"ea-body\"><p><span style=\"font-weight: 400\">You get early wins. And early wins keep people going when things get hard.<\/span><\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><span class=\"ez-toc-section\" id=\"Whats_a_key_benefit_of_the_Debt_Avalanche\"><\/span><a class=\"collapsed\" id=\"ea-header-3573\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse3573\" aria-controls=\"collapse3573\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> What\u2019s a key benefit of the Debt Avalanche?<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse3573\" data-parent=\"#sp-ea-357\" role=\"region\" aria-labelledby=\"ea-header-3573\"> <div class=\"ea-body\"><p><span style=\"font-weight: 400\">It reduces the total interest you pay, which means that this method can help you save a significant amount over time.<\/span><\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><span class=\"ez-toc-section\" id=\"How_should_I_choose_a_debt_repayment_plan\"><\/span><a class=\"collapsed\" id=\"ea-header-3574\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse3574\" aria-controls=\"collapse3574\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> How should I choose a debt repayment plan?<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse3574\" data-parent=\"#sp-ea-357\" role=\"region\" aria-labelledby=\"ea-header-3574\"> <div class=\"ea-body\"><p><span style=\"font-weight: 400\">Choose the one you\u2019ll actually follow, and be true to yourself.<\/span><span style=\"font-weight: 400\"><br \/><\/span><span style=\"font-weight: 400\">Motivation matters. Patience matters. Self-awareness matters more than theory.<\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n<p>Please share your thoughts on this post by leaving a reply in the comments section. Contact us via phone,\u00a0<a href=\"http:\/\/wa.me\/917347700888\" target=\"_blank\" rel=\"noreferrer noopener\">WhatsApp<\/a>, or email to learn more about mutual funds, or visit our\u00a0<a href=\"https:\/\/bfccapital.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">website<\/a>. Alternatively, you can download the\u00a0<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.bfc_mf.prodigy_app&amp;pcampaignid=web_share\" target=\"_blank\" rel=\"noreferrer noopener\">Prodigy Pro<\/a>\u00a0app to start investing today!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Debt Snowball vs. Debt Avalanche You\u2019re looking at a column of debts. Credit card dues. Maybe a personal loan. Maybe a loan from a friend that is..<\/p>\n","protected":false},"author":1,"featured_media":359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[506,504,505,510,501,509,503,502,299,92,508,96,507,93,120],"class_list":["post-358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-budgeting-tips","tag-debt-avalanche","tag-debt-free-journey","tag-debt-management","tag-debt-payoff-strategy","tag-debt-reduction-methods","tag-debt-repayment-tips","tag-debt-snowball","tag-finance-tips","tag-financial-planning","tag-interest-saving-strategy","tag-money-management","tag-pay-off-debt-fast","tag-personal-finance","tag-smart-money-habits"],"_links":{"self":[{"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/posts\/358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/comments?post=358"}],"version-history":[{"count":1,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/posts\/358\/revisions"}],"predecessor-version":[{"id":360,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/posts\/358\/revisions\/360"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/media\/359"}],"wp:attachment":[{"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/media?parent=358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/categories?post=358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/tags?post=358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}