The Debt Avalanche Method

Last week I talked about The Debt Snowball method so I thought I would talk through another popular method for those that don’t feel the Snowball works for you.

The Debt Avalanche method is one of a few popular ways to pay off your debt. In this post I am going to go through the method of the Avalanche and give you a few points to think about so that you can decide if it may help you on your journey to pay of debt.

Before starting write down all of your debt to get an honest picture of what you are working with. If you need help don’t be afraid to talk to someone, I am linking the National Debtline (UK) here. I have linked it so that if numbers or times change you should be able to still get the best information.


List your debts highest to lowest 

You are listing them in terms of their interest rate, so highest interest rate first no matter how large or small the balances are.

Focus on paying off the highest interest rate first

Your focus will be on the first debt on the list you created but you will continue to make minimum payments on all the others.


It is as simple as the first two steps, once your first is paid of work your way down your list until you are debt free.

Things to consider

The first debt on your list may also be your largest debt and therefore could take sometime to pay off. This method does not give you the momentum of paying off small debts first and seeing it is possible to complete this.

Gives you a target – With them all written down you have an end goal, something to reach for which helps you get a handle on it all.

Possibly less interest paid overall (this really does depend on your interest rates and the amount of debt you are in so something you would need to look at based on your situation)

Is this a method you are thinking of using?

Disclaimer – This post is designed to show you a method that could help you pay off your debt. However if you are struggling with money what ever stage you are in your journey please call a debt helpline to discuss further. My full disclaimer can be found here.



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.