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Disclosure →Debt Snowball & Avalanche Calculator
Enter your debts below, choose your payoff method, and see your exact debt-free date with a step-by-step payoff plan. Free, no email required.
Debt NameBalance ($)Min Payment ($)APR (%)
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Debts Paid Off
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💡 High-interest debt costs thousands. A consolidation loan could cut your rate in half.
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What is the debt snowball method? +
The debt snowball method pays off debts from smallest balance to largest, regardless of interest rate. Each time you pay off a debt, you roll that payment into the next one — creating a growing “snowball” of payments. Studies show this method has higher completion rates because the quick wins keep you motivated.
Snowball vs Avalanche — which saves more money? +
The avalanche method (highest APR first) always saves more interest mathematically. But the snowball method often wins in practice because people stick with it longer. Run both in this calculator and compare — the difference is usually $200-800 on a typical debt load.
Does extra monthly payment make a big difference? +
Yes — dramatically. Even $50-100/month extra can cut years off your payoff timeline. Try adding different amounts in the “Extra monthly payment” field above to see the exact impact on your debt-free date.
When should I consider debt consolidation instead? +
If your credit cards are at 20%+ APR, a consolidation loan at 8-14% could save more than any payoff strategy. Run the numbers: if the interest savings outweigh the loan fees, consolidation wins. Many people combine both — consolidate first, then use snowball on the remaining debts.