Debt Payoff Planner (Snowball vs Avalanche)
Enter up to three debts and compare the avalanche method, the snowball method and paying only minimums.
Two proven ways out of debt
The avalanche method sends every spare dollar to the debt with the highest interest rate, which saves the most money. The snowball method targets the smallest balance first, which gives quick wins and keeps many people motivated. Both keep paying minimums on every other debt.
Why the order matters
When a debt is paid off, its payment rolls into the next one, so the payments snowball. The math is simple: more money on the debt every month means less time for interest to build.
Worked example
Last reviewed November 2026. Formulas are standard and shown in the sections above; results are estimates.
Tips and common mistakes
- Stop adding new debt while paying off old debt.
- Round up your extra payment whenever you can.
- Pick the method you will actually stick to.
Learn more
Frequently asked questions
Which is better, snowball or avalanche?
Avalanche costs less in interest. Snowball can be easier to stick to. The difference is often small.
What if I have only two debts?
Enter 0 for the third balance.
Does it handle new charges?
No. It assumes no new borrowing.
Money guides for this topic
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Open calculator →Results are estimates and not financial advice.