Create a strategic plan to pay off your debts faster using the avalanche or snowball method.
Avalanche
Highest interest first (saves most money)
Snowball
Lowest balance first (quick wins)
Additional amount above minimum payments
Debt Free in 2 years 4 months
Following the avalanche strategy
Total Debt
$15,000
Monthly Payment
$650
Interest Paid
$2,564
Interest Saved
$2,231
vs minimum payments
Payoff Order (avalanche)