Avalanche vs. Snowball: Logic vs. Psychology
The choice between Avalanche and Snowball is essentially a choice between Optimal Math and Behavioral Reinforcement.
The Power of the Avalanche
Saves the most money. Period. By paying off a $10,000 debt at 25% before a $2,000 debt at 15%, you prevent the high-interest balance from "ballooning" faster than you can pay it. For individuals with large debt-to-income ratios, the Avalanche can save tens of thousands of dollars in lifetime interest.
The Snowball Counter-Point
Targets small balances first to create "Quick Wins." While mathematically "wrong," it provides the dopamine hit needed for many to stay motivated. However, as our tool demonstrates, the "Math Gap" (the cost of choosing the Snowball over the Avalanche) can be staggering over a 3-year period.