Debt snowball vs avalanche with the same 3 debts: which debt should you pay off first?
Store card $380 (19.9%), credit card $1,850 (24.9%), car loan $3,260 (6.9%). Minimums $25, $55 and $95, plus $150 extra a month.
Both plans are debt-free in 19 months.
Snowball (smallest balance first): first debt paid off in month 3.
Avalanche (highest rate first): first debt paid off in month 11, and $12 less interest ($511 instead of $523).
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Example numbers. Calculations, not financial advice.
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