What is the Snowball method for paying off debt?

The Snowball method focuses on paying off the smallest balance first. Once that debt is cleared, the payment that was going to that balance is rolled into the next debt, creating momentum as debts disappear and payments combine.

What is the Avalanche method?

The Avalanche method targets the debt with the highest interest rate first. This approach usually minimises the total interest paid over time and is often preferred by borrowers focused on reducing long-term cost.

What is Snowball Plus?

Snowball Plus follows the Snowball method by default but allows debts to be prioritised when cost pressure or promotional deadlines make another balance more urgent. It balances momentum, interest pressure and financial deadlines.

Which debt should I pay off first?

The best debt to pay off first depends on your strategy. Snowball prioritises the smallest balance for momentum, Avalanche prioritises the highest interest rate to minimise interest costs, and Snowball Plus balances momentum, cost pressure and deadlines.

What is the Snowball method for paying off debt?

The Snowball method focuses on paying off the smallest balance first. Once that debt is cleared, the payment is rolled into the next balance, creating momentum as debts disappear and payments combine.

What is the Avalanche method?

The Avalanche method targets the debt with the highest interest rate first. This approach minimises the total interest paid over time and is mathematically efficient for borrowers focused on reducing cost.

What is Snowball Plus?

Snowball Plus follows the Snowball method by default but allows debts to be prioritised when cost pressure or deadlines make another balance more urgent. It balances momentum, interest pressure and financial deadlines.

Which debt should I pay off first?

The best debt to pay off first depends on your strategy. Snowball prioritises the smallest balance for momentum, Avalanche prioritises the highest interest rate for cost efficiency, and Snowball Plus balances momentum, cost pressure and deadlines.

Build a debt repayment plan you can actually follow

The Snowball Plus™ Debt Hub helps you turn multiple debts, interest rates, minimum payments and promotional deadlines into one clear repayment strategy.

It uses the four-layer Snowball Plus™ methodology — Protect, Reduce Cost, Reduce Pressure and Momentum — to help you see what needs attention first and build a plan that works in real life.

Temporary Notice for the debt hub page

Debt Hub Update in Progress

We’re currently improving the Slow Money Movement™ Debt Hub to ensure all calculations and planning tools are as accurate and helpful as possible.

The Debt Hub will be launching shortly.

Thank you for your patience while we make these updates.

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