The debt avalanche method involves attacking the debt with the highest annual percentage rate (APR) first, regardless of the balance, to minimize total interest paid.

Authors

• Person: Not available Organization: Finhabits
  Debt Snowball vs Avalanche: How to Pay Off Your Debt Faster

Sources

• Debt Snowball vs Avalanche: How to Pay Off Your Debt Faster www.finhabits.com Finhabits via serper

Referenced by nodes (1)

• Debt Avalanche method concept