Life & Money Everyday Money Managing Debt Debt Snowball vs. Debt Avalanche: Pros and Cons of Each Repayment Strategy Jacqueline DeMarco Sep 24, 2020 Two popular ways to pay down debt are the debt snowball and debt avalanche repayment strategies. Photo credit: JGI/Jamie Grill/Getty Images share Want more? Get financial tips, tools, and more with our monthly newsletter. First name* Last name* Email* Sign me up Related Articles article How to Manage Debt in Retirement Learn more article How to Prioritize Paying Down Debts Learn more article Is Your Debt Making You Sick? Learn more