Method Comparisons

After hearing about the snowball and avalanche method, you may be unsure which one to use. In this part of the module, there will be resources and brief advice that will help you decide which one you should use. There will also be additional resources, like calculators that can help you as well.

Advice on methods:

• All methods are up to you, there are pros and cons to either methods.

• If you'd like a more motivational method, - go for the Snowball Method.

• If you'd like a more "logical" method - go for  the Avalanche method!

• There are also other methods, that are not as common that you can research on your own as well. Everyone has their own preferences biases. Remember to always use own judgement and try picking the one that is right for you! 

  
  
  
  

Helpful Resources

CRCU.org (Community Research Credit Union) + Economic Awareness Annotations

Click here to learn more: Debt Avalanche vs. Debt Snowball: What's the Difference? (investopedia.com)

Additional Resources:

Debt Snowball Calculator Debt Snowball Calculator - Ramsey (ramseysolutions.com)

Debt Avalanche Calculator Debt Avalanche Calculator | Undebt.it

Debt Payoff Calculator Debt Payoff Calculator