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Plan debt payoff
How to compare snowball and avalanche payoff strategies before changing monthly payments.
List each debt with its balance, interest rate, minimum payment, and due date. Then compare payoff strategies before committing extra money. The avalanche method usually reduces interest, while the snowball method can create faster visible wins.
A payoff plan should fit the rest of your cash flow. Keep minimum payments current, preserve enough liquid reserves for surprises, and revisit the plan when balances, rates, or income change.