Debt Snowball / Avalanche

Time and interest to pay off all your debts.

Name

Balance ($)

Rate (%)

Min payment ($)

Name

Balance ($)

Rate (%)

Min payment ($)

Name

Balance ($)

Rate (%)

Min payment ($)

Extra payment ($/mo)

Method

Debt-free in

6y 10m

$42,000 total · $7,524 interest

Snowball pays smallest balance first for psychological wins. Avalanche pays highest rate first for less interest. Math says avalanche, behavior says snowball, and the difference for most households is a few hundred dollars over years. Pick the one you'll stick with.

About

List your debts (balance, rate, minimum payment), then add an extra monthly amount and pick a method. Snowball pays smallest balance first; avalanche pays highest rate first. Get total months to debt-free and total interest paid.

How to use

Add each debt with balance, rate, and min payment.
Set extra monthly payment.
Pick snowball or avalanche.

FAQ

Snowball or avalanche?+

Avalanche pays less in interest. Snowball pays off small balances faster, which feels better and helps people stay with it. The cost difference is usually small. Pick the one you'll actually finish.