Congratulations! The debt payoff method most likely to work for you is the Avalanche method.

The Avalanche method prioritizes tackling your highest interest rate debts first and then once paid off, roll that payment into the next highest interest rate debt.

How it Works:

When you look at your list of debts, put them in order from highest interest rate to lowest interest rate, ignoring balances and payment amounts. Pay the minimum payment to all your low-interest rate debts and pay the most that you can to the debt with the highest interest rate.

Who it’s best for:

This method will work well for you if you are driven to get out of debt and don’t need a quick win to stay motivated. It’s also best if you are motivated by financial gains, saving money or doing things in the most mathematical way. This strategy allows you to pay off the debt that is costing you the most money because of the high-interest rates, which might be really motivating for you.

If you have a bunch of debts and one of the interest rates is really high compared to the others, or if your balances are all about the same, this strategy could be best for you.

Does this sound like a strategy you can feel excited about?

I’d love to hear what you think. Drop me an email at and let me know what you think of your results.

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