HOOK
What if the fastest way out of debt is not paying the smallest balance first?
[Show a person staring at multiple bills and interest rates on a phone.] If you have several debts, one simple strategy can help you save money on interest and stay organized: the debt avalanche method.
KEY POINT 1
First, list every debt you owe, along with the balance, minimum payment, and interest rate. Then keep making minimum payments on all of them so you stay current.
[On-screen: list of debts with rates highlighted.] This step matters because missing a payment can trigger late fees and damage your credit.
KEY POINT 2
Next, put every extra dollar toward the debt with the highest interest rate, even if it’s not the smallest balance. That’s the “avalanche.”
[Animation: extra dollars piling onto the highest-interest account.] Why? High-interest debt grows faster, so attacking it first can reduce the total interest you pay over time.
KEY POINT 3
Once that debt is paid off, roll that same payment into the next-highest interest debt. Your payment grows as each balance disappears, which keeps momentum going.
[Show one bill crossing out, payment rolling to the next.] It’s a disciplined method, and it works best when you can stay consistent month after month.
KEY POINT 4
If you need a quicker win to stay motivated, the debt snowball method may feel easier—but the avalanche usually saves more on interest. The best choice is the one you’ll actually stick with.
[Split screen: “lowest balance first” vs “highest interest first.”]
CTA
Want help choosing a payoff plan? Start by comparing your debts and making one extra payment toward the highest rate this month. For more practical debt tips, tap to learn more.
[Show checklist: list debts, choose target, make extra payment.]
