List every balance first
Write each debt with its balance, interest rate, and minimum payment. Include credit cards, personal loans, and student loans you are actively paying. You cannot choose an order until the list is complete and current.
Avalanche: highest interest first
With the avalanche method, you pay minimums on everything, then put extra money toward the highest interest rate. When that balance is gone, move the extra to the next highest rate. This approach usually costs less interest over time if you stick with it.
Snowball: smallest balance first
With the snowball method, you pay minimums on everything, then put extra money toward the smallest balance. Clearing an account early can feel motivating. Interest may cost more than avalanche, but some people stay consistent because wins arrive sooner.
Pick the method you will follow
The better method is the one you keep using. If rates differ a lot, avalanche may save more money. If you need early wins to stay on track, snowball may fit better. Either way, keep paying every minimum on time.
"Order matters less than consistency. Pay every minimum, then put extra toward one target at a time."
A calm next step
Choose avalanche or snowball, put the order on a one-page list, and review it when a balance hits zero. This article explains common payoff methods for learning. It is education only, not debt advice.