Let's crush that debt together!
Free Debt Payoff Calculator
Compare Snowball vs Avalanche strategies to find the fastest path to debt freedom.
Your Debts
Additional amount beyond minimum payments
Payoff Comparison
Debt Snowball
Pay smallest balances first
Debt Avalanche
Saves morePay highest interest first
Avalanche saves you $127 in interest!
Total Debt
$16,000
Min Payments
$375
/month
Extra Payment
$200
/month
Total Payment
$575
/month
Snowball vs Avalanche: Which is Right for You?
Debt Snowball Method
Pay minimums on everything, then throw all extra money at your smallest balance. When it's paid off, roll that payment into the next smallest. You'll score quick wins that build momentum.
Best for: People who need motivation and psychological wins to stay on track.
Debt Avalanche Method
Pay minimums on everything, then throw all extra money at your highest interest rate debt. This is mathematically optimal and saves the most money.
Best for: People motivated by numbers who want to minimize total interest paid.
Tips to Pay Off Debt Faster
- Find an extra $100-200/month through cutting subscriptions or a side gig
- Use windfalls (tax refunds, bonuses) for extra debt payments
- Consider balance transfer cards (0% APR for 12-18 months) for high-interest debt
- Automate payments to never miss a due date
- Track progress visually to stay motivated