Compare the Snowball and Avalanche debt payoff strategies. Enter your debts and see exactly how long it will take to become debt-free.
| Total Debt | |
| Total Interest Paid | |
| Time to Debt-Free |
Enter the balance, interest rate, and minimum payment for each of your debts (up to 4), plus any extra amount you can pay each month. Choose a strategy and the calculator simulates your full payoff timeline.
Pay off your smallest balance first, regardless of interest rate, while making minimum payments on everything else. Once a debt is paid off, that payment amount rolls into the next smallest debt. This method prioritizes quick wins and motivation.
Pay off your highest-interest-rate debt first while making minimum payments on everything else. This method minimizes the total interest you pay over time, though it may take longer to see your first debt disappear.
Avalanche saves more money mathematically. Snowball often works better psychologically, since early wins build momentum to keep going. Try both strategies in the calculator and see the actual difference for your specific debts.
It compares the Snowball and Avalanche debt payoff strategies, simulating your full payoff timeline for up to 4 debts.
The Snowball method pays off your smallest balance first, regardless of interest rate, while making minimum payments on everything else. Once a debt is paid off, that payment amount rolls into the next smallest debt, prioritizing quick wins and motivation.
The Avalanche method pays off your highest-interest-rate debt first while making minimum payments on everything else, which minimizes the total interest paid over time, though it may take longer to see the first debt disappear.
Avalanche saves more money mathematically, while Snowball often works better psychologically since early wins build momentum. You can try both strategies in the calculator and compare the actual difference for your specific debts.
For each debt (up to 4), you enter the balance, interest rate, and minimum payment, plus any extra amount you can pay each month.