Best Order to Pay Off Debt | Debt Avalanche vs. Largest Balance | Excel Example

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What’s the best order to pay off debt for maximum savings? In this video, Ryan O’Connell, CFA, FRM, breaks down two popular debt payoff strategies—the Debt Avalanche method, which prioritizes paying off high-interest debt first, and the Largest Balance method, which focuses on eliminating the biggest loans first. Using a step-by-step Excel example, we compare these approaches to determine which one helps you pay off debt faster while saving the most money. If you're on a debt payoff journey, trying to decide between different debt payoff methods, or looking for a debt payoff calculator to track your progress, this video has everything you need.

We also discuss whether you should sell investments to pay off debt, how your credit card debt interest rate compares to margin rates, and how to pay off debt fast with a structured plan. Whether you're using the Debt Snowball spreadsheet, the Debt Avalanche method, or another debt payoff strategy, this video provides a data-driven approach to help you make the smartest financial decision. Watch until the end to find the best debt payoff plan and start eliminating debt strategically.

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