🔎 Why Debt Feels Overwhelming

• 📑 Too many bills → hard to know where to start

• 😔 Shame → society says debt = failure (it’s not)

• ❓ Choices → which debt first?

• 🌀 Minimum payments → keep you stuck for years

• 🧠 Mental load → just thinking about debt is draining​

 

⚖️ Two Proven Ways to Pay Off Debt​​

1️⃣ Snowball Method ❄️

✅ Pay smallest balance first
✅ Get quick wins
✅ Builds momentum
⚠️ May cost more in interest

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Example:

• $500 card + $2,000 card → Pay the £500 first for a fast win.

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📊 What This Means

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• If your debts are small and similar in size:
  The total interest you pay usually ends up about the same no matter which method you use.
  👉 In this case, the emotional boost matters more. If you like seeing progress quickly, Snowball can keep you motivated to stay on track.

• If one of your debts is much bigger and has a high interest rate:

  • ❄️ Snowball will still have you chase the smaller debts first. But while you’re celebrating those small wins, the big, high-interest debt in the background is quietly adding up more interest.

  • 🏔️ Avalanche flips the order, putting all your extra payments on the most expensive debt first. This prevents the large balance from ballooning out of control and saves you the most money in the long run.

• This is where the methods diverge.

• So, small balances = psychology game, large high-interest balances = money game.

 

✨ Bottom Line

• ❄️ Snowball Method → Best if motivation is your biggest challenge. You’ll see results quickly, which makes it easier to keep going.

• 🏔️ Avalanche Method → Best if you’re focused on saving money and tackling debt as efficiently as possible. Especially powerful if you have a large, high-interest debt like a credit card.

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👉 Neither method is “wrong.” What matters most is:

1. That you make consistent payments.

2. That you choose a method that matches your brain and your situation.

✅ If quick wins keep you moving, Snowball is the right tool.
✅ If long-term savings matter most, Avalanche is the smarter pick.

Either way, every payment you make brings you one step closer to being debt-free.