Practical Steps to Implement Avalanche Method
List all your debts in order of interest rate to begin using the debt avalanche method. Work down to the lowest interest rate, starting at the top with the highest. This makes it clear to you where to begin.
The next step is determining how much you can pay monthly for your debts. The minimum payments for each of your debts should be listed here, along with any additional funds you have available to apply to your highest-interest debt.
Take the funds you were allocating to your highest-interest debt and apply them to the next debt on your list after you have paid off your highest-interest debt. Keep doing this until all of your debts are paid off.
Keep in mind that discipline is the key to the avalanche method. Even if progress takes a while, staying on course is crucial. The avalanche method can help you become debt-free and save money over time with patience and persistence.