Debt Snowball vs Avalanche: Which Should You Pick?
Snowball clears the smallest balance first, avalanche the highest rate. Both methods run on the same three debts, with the interest, the timing and the trade-off shown.
Guides about interest
How Is Compound Interest Calculated?
Multiply the balance by (1 + rate ÷ periods), once for every period. A £5,000 example worked step by step, and why time matters far more than how often interest is added.
How Is a Mortgage Repayment Calculated?
The amortisation formula behind every repayment mortgage, worked through for a £200,000 loan — and why the balance barely moves in the first few years.