What is the debt avalanche?
The debt avalanche pays off the debt with the highest interest rate first while making minimum payments on the rest.
It saves the most interest, which usually means credit cards and buy now pay later balances go before car loans or a mortgage. Progress can feel slower if the highest rate debt is also the largest.
In Fireball
Fireball tracks your credit cards, loans and mortgage as debts in your net worth, so you can watch them shrink.
Get Started