The 2 best strategies for Debt repayment

Are you overwhelmed by accumulated debt. Getting out of debt can be daunting but it doesn’t have to be. It can even be and empowering process if you have the right debt repayment strategy.

The two most popular strategies are known as the “avalanche” strategy and the “snowball” strategy, you may even have heard of them maybe you aren’t sure which one is the best way to pay off your debts Everyone wants get out of debt as quickly and painlessly as possible, it’s an essential part of the FIRE journey since it allows you to savings rate.

Debt Avalanche Method

Debt avalanche, also known as “debt stacking,” is a method of paying off debts that focuses on attacking high interest rates first. You prioritize debts with higher interest rates and pay them off first while making minimum payments on your other debts. This strategy allows you to save more money in interest charges over time compared to other methods because you are tackling debts with the highest interest rate first instead of paying them off in order from smallest balance to largest balance. It may take longer to pay off each individual debt but overall it can save you more money. Plus, once your higher-interest-rate debts are paid off, you can focus on paying down your lower-interest-rate debts faster.

Debt Snowball Method

The debt snowball method focuses on attacking smaller balances first while making minimum payments on larger balances. This strategy is great if you need motivation and want quick wins because by quickly paying off those smaller balances early on, it helps keep up momentum and keeps the fire under your feet burning hot! This method may cost more money in interest charges over time than using the debt avalanche technique but some people prefer this approach because they feel like they are seeing progress faster than with other methods.


Both debt avalanche and debt snowball methods have their advantages and disadvantages, so it really depends on what kind of person you are when it comes to choosing which one would be best for you. If seeing quick results is important to keep you motivated, then a debt snowball method might be right for you. But if cost savings is a priority, then a debt avalanche methodology might suit better. Whichever one you choose, just make sure that whatever plan works best for YOU to get out of debt sooner rather than later! Good luck!

If the thought of working till you’re 65 terrifies you and you want the freedom to start living your life while you’re still young then download this free guide that will let you retire decades earlier by following only 4 simple rules – I used this guide to go from having no savings to the brink of retirement in just 7 years.

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