Which strategy is better - Avalanche or Snowball?

Avalanche (highest rate first) saves more money in total interest. Snowball (lowest balance first) provides psychological wins by eliminating debts faster. Studies suggest Snowball can be more motivating for people who struggle with consistency.

How much extra payment makes a difference?

Even an extra $100-200/month can save thousands in interest and cut years off a debt payoff timeline, especially on high-interest credit card debt.

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Debt Payoff Calculator

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Your Debts

Balance ($)

Interest Rate (%)

Min Payment ($)

Balance ($)

Interest Rate (%)

Min Payment ($)

Balance ($)

Interest Rate (%)

Min Payment ($)

Balance ($)

Interest Rate (%)

Min Payment ($)

Extra Monthly Payment ($)

Additional amount on top of all minimum payments

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Add multiple debts with balance, interest rate, and minimum payment. Compare Avalanche (highest rate first) vs Snowball (lowest balance first) strategies. Shows debt-free date, total interest paid, and per-debt payoff schedule.

How to Use

1Click Add Debt to add each debt with its name, current balance, interest rate, and minimum payment
2Enter any extra monthly payment amount you can afford above minimums
3Select Avalanche (highest rate first) or Snowball (lowest balance first) strategy
4Click Calculate to see debt-free date, total interest paid, and per-debt payoff schedule
5Compare the two strategies side by side to see the interest savings difference

Features

Add up to 10 debts with balance, rate, and minimum payment
Avalanche vs Snowball strategy comparison
Extra monthly payment calculator
Debt-free date and total interest paid
Per-debt payoff schedule with month counts
Interest savings comparison table
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Debt Payoff Calculator

Your Debts

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