Pays off individual debts fastest by targeting the smallest balance first, regardless of its rate — the psychological win of closing an account entirely, sooner, is the whole point. It usually costs a little more in total interest than avalanche, in exchange for momentum that's easier to stick with.

🇵🇹 If you're carrying a few small debts (a store card, a low-balance credit card), snowball closes those accounts first, which can simplify your financial life even when it isn't the mathematically cheapest option.