Paying Off $10,000 of Credit Card Debt: Avalanche vs Snowball

Avalanche or snowball? We take a hypothetical person with $10,000 spread across three credit cards and a $400 monthly budget, and run both debt payoff methods month by month to compare the total interest, the time to debt-free, and how soon the first card is paid off. All examples are hypothetical. You'll learn: ✅ How the debt avalanche (highest rate first) works ✅ How the debt snowball (smallest balance first) works ✅ A side-by-side hypothetical case study with the real math ✅ Why the avalanche usually saves more, and when the snowball can still make sense ✅ How to build your own payoff plan, plus common mistakes ⏱️ Chapters 0:00 Intro 0:36 Meet Sam (Hypothetical) 1:44 The Two Methods 2:44 Running the Numbers 4:12 So Which One Is Better? 5:04 Ways to Speed It Up 5:52 Build Your Own Plan 6:43 Common Mistakes 7:27 Recap Sources: • CFPB — How to reduce your debt: https://www.consumerfinance.gov/archive/bl... • CFPB — Reducing debt worksheet (Your Money, Your Goals): https://files.consumerfinance.gov/f/docume... • CFPB — Resolve to take control of your debt: https://www.consumerfinance.gov/archive/bl... Math note: hypothetical cards (Card A $1,500 at 18% APR, Card B $3,500 at 29%, Card C $5,000 at 22%), fixed minimums of $40/$90/$125, $400/month total, interest added monthly, fixed rates, no new charges. Real results will differ. Subscribe to Money Clarity for simple, jargon-free personal finance. New videos every other day, plus daily Shorts. Voiceover: AI-generated voice. Disclaimer: This content is for educational purposes only and is not financial advice. All examples are hypothetical. Consult a qualified professional for advice specific to your situation. #debtfree #creditcarddebt #moneyclarity