🎯 Debt Payoff
Debt Snowball vs Avalanche
Compare two proven strategies and find which one gets you debt-free faster.
💳 Your Debts
Add each debt: name, balance, APR, minimum payment.
💰 Extra Monthly Payment
📊 Strategy Comparison
⛄
Snowball
Smallest balance first
Time to debt-free:
Total interest paid:
Total paid:
🏔️
Avalanche
Highest interest first
Time to debt-free:
Total interest paid:
Total paid:
💡 Choosing will save you
📋 Debt Payoff Order
⛄ Snowball Order (smallest → largest)
🏔️ Avalanche Order (highest APR → lowest)
💡 Which is right for you?
📌 5 Debt Payoff Tips
- ✓ Pay yourself first — treat debt payment like a non-negotiable bill. Automate it the day after payday.
- ✓ Cut one big expense — eating out, subscriptions, or a car payment. Redirect the savings to debt.
- ✓ Snowflake method — throw every windfall (tax refund, bonus, gifts) at debt, even small amounts add up.
- ✓ Consider balance transfer — 0% APR cards for 12-18 months can save hundreds if you can pay off in time.
- ✓ Negotiate lower rates — call credit card issuers and ask for a rate reduction. Success rate: 50-70%.
Disclaimer: This calculator provides estimates for educational purposes only. Actual payoff depends on consistent payments, interest rate changes, and your ability to maintain the strategy. Not financial advice — consult a credit counselor for personalized guidance.