Which Debt Payoff Method Works Best for You?
Wondering how to pay off your debt faster? This calculator helps you compare two popular strategies — the Debt Snowball and the Debt Avalanche — so you can pick the one that fits your style.
The Snowball method focuses on paying off your smallest debts first, giving you quick wins and motivation early on.
The Avalanche method targets high-interest debts first, saving you more money over time.
Use this calculator to plug in your balances, interest rates, and monthly payment budget — then see how long it will take to become debt-free with each method. It’s a simple way to take control and make a smart payoff plan that works for you.
Debt Payoff Strategies
Debt Snowball: Pay minimums on all debts, then put extra money toward the smallest balance first. Provides psychological wins and momentum.
Debt Avalanche: Pay minimums on all debts, then put extra money toward the highest interest rate first. Mathematically optimal, saves the most money.
Key Tip: Both strategies work! Choose the one that motivates you most. The most important thing is to stick with your plan consistently.