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Debt avalanche
Paying off your highest-interest debt first to save the most money.
Example. With the avalanche method you clear a 3.5% a month card before a 2.5% one.
The debt avalanche means paying the minimum on everything, then putting every spare rupee on your highest-interest debt first. Because the costliest debt grows fastest, clearing it first saves you the most money overall.
Questions people ask
What is the debt avalanche method?
You pay the minimum on every debt, then put every spare rupee on the highest-interest one first. Because the costliest debt grows fastest, this saves the most money.
Avalanche or snowball, which is better?
The avalanche saves more money; the snowball (smallest balance first) gives quicker wins. The best one is the one you will actually stick to.
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