Wednesday, November 11, 2026

Question: In the debt snowball method, which debt do you pay off first?

Answer: The one with the smallest balance. You make minimum payments on every other debt and put any extra money toward the smallest one. Once it’s gone, that payment rolls into the next-smallest debt, like a snowball growing as it rolls downhill. The catch is that you may pay more in interest than with the debt avalanche method, which targets the highest interest rate first.