How do I pay off debt using the avalanche method?

The avalanche method involves paying off your debts in order of interest rate, from highest to lowest. First, list all your debts and their interest rates. Make minimum payments on all of them each month. Then take any extra money you have and put it entirely toward the debt with the highest interest rate. Once that debt is paid off, roll that payment amount into attacking the next highest-rate debt, and so on. This method saves you the most money in interest over time compared to other strategies. It requires discipline since high-interest debts are not always the smallest balances, so it can take longer to see a debt fully eliminated compared to the snowball method.