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Undebt.it Knowledgebase Article #33
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These tutorial posts will show you how the debt snowball table works using examples and screenshots. If you're having problems getting your account to work right, check these out:
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How do I choose which debts to pay off first?
- Created March 6, 2021
- 616 Views
- General Debt Questions
- Last Edited March 6, 2021
In general, the best way to decide which debt to payoff first is to start with the debt with the highest interest rate and work your way down from there. From a purely mathematical standpoint, the debt avalanche (highest interest rate first) payoff method is the most effective way to pay down debt.