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The Debt Avalanche Method: Weighing its Pros and Cons

Living a debt-free life is a dream for everyone. Nobody wants to go to sleep and wake up with debt hanging on his head. To make all this possible, the first thing that you need to do is get a debt management plan. 

Yes, walking alone is going to make things worse for you. Debt payments, pressure, deadlines, and aggressive debt collections, all such things will only weigh you down, making your situation worse. Thus, I recommend looking into different debt management plans and sticking to one until you finally become debt-free. 

The debt avalanche method is among the most popular debt plans. In this article today, I’m going to share with you everything there is to know about the debt avalanche method so that you can be sure if it’s a suitable one. 

What is the Debt Avalanche? 

First thing first, do you know what the debt avalanche method is? How does it work? And what makes it different from the rest? In this method, you make minimum debt payments on all your debts. The amount you’re left with then goes to the debt with the highest interest rate. 

In this way, the debt avalanche method saves you quite an amount that you would have otherwise directed to the interest fees. Not to mention, it also saves time as it speeds up the process. 

Pros and Cons of the Debt Avalanche 

Like every other debt management plan, the debt avalanche method comes with its own pros and cons. Weighing them down beforehand can save you from lots of trouble in the future, so let’s have a look: 

The Debt Avalanche Saves You the Interest Fee 

As mentioned earlier, the debt avalanche method works incredibly well for debts with a high-interest rate. Not just that, it hits several birds with one stone as you continue making minimum payments on all your debts along with directing a higher amount to the one with the highest interest rate. 

The Debt Avalanche Requires Money 

The biggest and perhaps the only downside of the debt avalanche is that it requires money. Yes, you need to have a significant amount of money in your account to begin with the monthly payments. Plus, you need money every month to continue making the debt payments. 

The Debt Avalanche Makes You Disciplined 

Unlike any other debt repayment strategy, the debt avalanche requires discipline. There’s no way you can continue making monthly payments without being financially disciplined. Thus, it definitely teaches you to manage your life on a budget while saving for the future. 

The Debt Avalanche Lacks Motivation 

Many people complain that the debt avalanche method becomes difficult to pursue as time passes. It is because this method doesn’t keep you motivated. As you keep paying minimum debt repayments, you lose motivation after a while. Nonetheless, what you need to remember is that motivation comes from within. It isn’t something that you can get from an external stimulus. Take all these things into consideration and then start following the debt avalanche method. I wish you well, my friends!

Salman SAhmad
the authorSalman SAhmad
I am Salman Ahmad an Engineer by choice, Blogger, YouTuber, and an Entrepreneur by passion. I love technology in my day to day life and loves writing Tech Articles on Latest Technology, Cyber Security, Internet Security, SEO and Digital Marketing. Blogging is my passion and I own some popular sites,,,, &