5: Debt Snowball vs Debt Avalanche | Which Method Is Better For Paying Off Debt?

Financial Footprints

In this episode Kolin goes over the debt snowball method and the debt avalanche method to compare which of these methods of paying off debt is better. Kolin shares the pros and cons of both the debt snowball vs debt avalanche method as well as the reasons why you should choose the debt avalanche vs debt snowball method. At the end of the day, to answer the question of which method is better for paying off debt is really about you. Are you someone that needs the quick wins of the debt snowball method or can you do the debt avalanche method.
Disclaimer: Financial Footprints is not intended to provide personalized financial advice. The information shared on this podcast is for general educational and entertainment purposes only. While we aim to share helpful tips and insights, every individual’s financial situation is unique, and what works for one person may not be right for another. Always do your own research and consult with a qualified financial professional before making any major financial decisions. We’re here to share ideas and spark conversations—but when it comes to your money, make sure you get advice tailored to your specific circumstances.