Find your fastest path to becoming debt-free. Compare Avalanche (highest interest first) vs. Snowball (smallest balance first) strategies.
Your Debts
Add each debt and monthly budget
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Total monthly amount you can pay toward all debts
Add Debts
Debt 1
Debt 2
Payoff Date
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Using selected strategy
Total Interest
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Total Debt
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Months to Payoff
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Total Interest
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Total Cost
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FAQ
Avalanche vs Snowball: which is better?
Avalanche saves more interest (mathematically optimal). Snowball pays off smaller debts first providing psychological wins and motivation. Both work — choose based on your personality.
Can I add more than 2 debts?
Yes! Click "Add Another Debt" to include as many debts as needed. The calculator will create an optimized payoff order based on your chosen strategy.
What if my budget is less than minimum payments?
Your budget should be at least the sum of all minimum payments. Paying less than minimums damages your credit and incurs late fees.