Debt Snowball vs Avalanche - I Tested Both to Pay Off $30,000 (Here's Which Actually Won)

Описание: Debt Snowball vs Avalanche - I Tested Both to Pay Off $30,000 (Here's Which Actfinancialtips

I tested both the debt snowball and debt avalanche methods to pay off $30,000 in debt. One saved me $1,847 in interest. The other kept me motivated to finish. Here's which method actually won and which YOU should use.

⏰ TIMESTAMPS:
0:00 - I Paid Off $30K: Snowball vs Avalanche
1:00 - The Two Methods Explained
3:00 - My Debt Situation ($30,047 total)
4:30 - Months 1-6: Snowball Wins Early
6:30 - Months 7-18: Avalanche Pulls Ahead
8:30 - Which Method Should YOU Use?
10:30 - Final Results + My Recommendation

📊 DEBT SNOWBALL METHOD:
• Pay smallest balance first
• Ignore interest rates
• Quick psychological wins
• My result: Paid off in 17.5 months
• Total interest paid: $4,890

📊 DEBT AVALANCHE METHOD:
• Pay highest interest first
• Ignore balances
• Mathematically optimal
• My result: Paid off in 18 months
• Total interest paid: $3,043
• SAVED: $1,847 vs Snowball

🎯 WHICH METHOD TO USE:
✅ Use SNOWBALL if: Need motivation, have small debts, never paid off debt before
✅ Use AVALANCHE if: Disciplined, high interest rates, want to save maximum money
✅ Use HYBRID if: Want quick wins AND maximum savings (my recommendation)

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💬 COMMENT: How much debt are you paying off? Snowball or Avalanche?

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