Debt Payoff Calculator
Add your debts, see when you'll be debt-free, and compare snowball vs. avalanche strategies.
Your Debt Payoff Comparison
⛄ SNOWBALL
Pay smallest balance first
Debt-Free In
— months
Total Interest
$0
🏔️ AVALANCHE
Pay highest interest first
Debt-Free In
— months
Total Interest
$0
💡 The avalanche method saves you
$0
in interest payments
💡 Automate your debt payoff
Apps like YNAB and SoFi can automatically apply your debt payoff strategy and track your progress.
Read the Full Debt Guide →Snowball vs. Avalanche: Which Is Better?
Avalanche saves more money on interest. Snowball builds more motivation with quick wins. Mathematically, avalanche always wins. Psychologically, snowball often works better because people stay motivated.
Our recommendation: Pick the one you'll actually stick with. A slightly less-optimal strategy you follow is infinitely better than a perfect strategy you abandon.