Debt Snowball/Avalanche Calculator

Compare the debt snowball (smallest balance first) and debt avalanche (highest interest first) payoff strategies. See which method saves you more money and gets you debt-free faster.

Your Debts

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Debt Payoff Methods

Debt Snowball Method

Pay off debts from smallest to largest balance, regardless of interest rate. Provides quick wins and psychological motivation. Best for those who need encouragement to stay on track.

Debt Avalanche Method

Pay off debts from highest to lowest interest rate. Mathematically optimal, saves the most money in interest. Best for those motivated by financial efficiency.

Tips for Success

Make minimum payments on all debts while putting extra toward your target debt. As each debt is paid off, roll that payment into the next debt. Stay consistent and avoid new debt.

Accelerate Your Payoff

Cut expenses and redirect savings to debt
Use windfalls (tax refunds, bonuses) for extra payments
Consider a side hustle for additional income
Negotiate lower interest rates with creditors
Consolidate high-interest debt if beneficial

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