{"id":211,"date":"2026-11-03T13:51:43","date_gmt":"2026-11-03T13:51:43","guid":{"rendered":"https:\/\/ringgitsihat.my\/uncategorized\/snowball-vs-avalanche\/"},"modified":"2026-11-03T14:07:12","modified_gmt":"2026-11-03T14:07:12","slug":"snowball-vs-avalanche","status":"publish","type":"post","link":"https:\/\/ringgitsihat.my\/en\/debt-amp-credit\/snowball-vs-avalanche\/","title":{"rendered":"Snowball vs Avalanche"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Juggling a credit card, a personal loan and a phone instalment? Paying a little everywhere makes debt feel endless. These two strategies give you a clear plan.<\/p>\n\n<h2 class=\"wp-block-heading\">The basics for both<\/h2>\n\n<ol class=\"wp-block-list\">\n<li>List every debt (balance, interest rate, minimum payment).<\/li>\n\n\n\n<li>Keep paying the<strong> minimum<\/strong> on all of them.<\/li>\n\n\n\n<li>Decide how much <strong>extra <\/strong>you can put towards debt each month (for example, from the 20% part of your budget).<\/li>\n<\/ol>\n\n<h2 class=\"wp-block-heading\">Snowball<\/h2>\n\n<p class=\"wp-block-paragraph\">Put the extra money on the debt with the smallest balance. Once it\u2019s cleared, roll that payment into the next smallest. Quick wins keep you motivated, but you may pay more interest overall.<\/p>\n\n<ul class=\"wp-block-list\">\n<li>Advantage: A quick victory provides motivation.<\/li>\n\n\n\n<li>Disadvantage: may pay more in interest overall.<\/li>\n<\/ul>\n\n<h2 class=\"wp-block-heading\">Avalanche<\/h2>\n\n<p class=\"wp-block-paragraph\">Put the extra money on the debt with the highest interest rate. You save the most interest and usually finish sooner, but the first win can take a while.<\/p>\n\n<ul class=\"wp-block-list\">\n<li>Advantages: saves the most benefits and is usually completed more quickly.<\/li>\n\n\n\n<li>Disadvantage: the first debt may take a long time to resolve.<\/li>\n<\/ul>\n\n<h2 class=\"wp-block-heading\">Using the same example<\/h2>\n<div class='table-scroll-container'>\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Debt<\/th><th>Balance<\/th><th>Annual interest<\/th><\/tr><\/thead><tbody><tr><td>Phone installment<\/td><td>RM1,200<\/td><td>0% (easy installment)<\/td><\/tr><tr><td>Personal loan<\/td><td>RM8,000<\/td><td>9%<\/td><\/tr><tr><td>Credit card<\/td><td>RM4,000<\/td><td>18%<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n<p class=\"wp-block-paragraph\">Snowball pays phone \u2192 card \u2192 loan; avalanche pays card \u2192 loan \u2192 phone.<\/p>\n\n<h2 class=\"wp-block-heading\">Which one?<\/h2>\n\n<p class=\"wp-block-paragraph\">If you lose motivation easily, choose snowball. If you\u2019re disciplined and want to save the most, choose avalanche. The best method is the one you stick with.<\/p>\n\n<h2 class=\"wp-block-heading\">If even minimums are hard<\/h2>\n\n<p class=\"wp-block-paragraph\">Talk to your lenders, or get free counselling from AKPK.<\/p>\n    <div class=\"ps-key-takeaways\">\n        <h3 class=\"block-title\"><svg class=\" icon icon-lightbulb\" aria-hidden=\"true\" role=\"img\"><use href=\"https:\/\/ringgitsihat.my\/wp-content\/themes\/lab9pro\/assets\/images\/icons.svg#icon-lightbulb\" xlink:href=\"https:\/\/ringgitsihat.my\/wp-content\/themes\/lab9pro\/assets\/images\/icons.svg#icon-lightbulb\"><\/use><\/svg>Key takeaways<\/h3>\n        <ul class=\"wp-block-list\">\n                            <li class=\"benefit-text\">Pay all minimums.<\/li>\n                            <li class=\"benefit-text\">Snowball = smallest balance first, avalanche = highest rate first.<\/li>\n                    <\/ul>\n    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Two proven ways to clear multiple debts \u2014 snowball and avalanche \u2014 with a simple example and how to choose.<\/p>\n","protected":false},"author":1,"featured_media":212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-amp-credit"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v1 (Yoast SEO v28.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Snowball vs Avalanche: Choosing a Debt Payoff Strategy<\/title>\n<meta name=\"description\" content=\"Two proven ways to clear multiple debts \u2014 snowball and avalanche \u2014 with a simple example and how to choose.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ringgitsihat.my\/en\/debt-amp-credit\/snowball-vs-avalanche\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Snowball vs Avalanche: Choosing a Debt Payoff Strategy\" \/>\n<meta property=\"og:description\" content=\"Two proven ways to clear multiple debts \u2014 snowball and avalanche \u2014 with a simple example and how to choose.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ringgitsihat.my\/en\/debt-amp-credit\/snowball-vs-avalanche\/\" \/>\n<meta property=\"og:site_name\" content=\"Ringgit Sihat\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-03T13:51:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-11-03T14:07:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ringgitsihat.my\/wp-content\/uploads\/2026\/11\/08-snowball-vs-avalanche-choosing-a-debt-payoff-strategy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lab9pro\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"lab9pro\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/ringgitsihat.my\\\/en\\\/debt-amp-credit\\\/snowball-vs-avalanche\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ringgitsihat.my\\\/en\\\/debt-amp-credit\\\/snowball-vs-avalanche\\\/\"},\"author\":{\"name\":\"lab9pro\",\"@id\":\"https:\\\/\\\/ringgitsihat.my\\\/en\\\/#\\\/schema\\\/person\\\/eee284ceff8822240a818619e474753e\"},\"headline\":\"Snowball vs Avalanche\",\"datePublished\":\"2026-11-03T13:51:43+00:00\",\"dateModified\":\"2026-11-03T14:07:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ringgitsihat.my\\\/en\\\/debt-amp-credit\\\/snowball-vs-avalanche\\\/\"},\"wordCount\":243,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/ringgitsihat.my\\\/en\\\/debt-amp-credit\\\/snowball-vs-avalanche\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ringgitsihat.my\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/08-snowball-vs-avalanche-choosing-a-debt-payoff-strategy.jpg\",\"articleSection\":[\"Debt &amp; 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