Debt Snowball vs Avalanche Calculator
Compare debt payoff strategies. See how much faster you can be debt-free and how much interest you save with each method.
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Frequently Asked Questions
What is the debt snowball method?
Pay minimums on everything, then throw extra money at the smallest balance first. When it is paid off, roll that payment into the next smallest. Wins through quick psychological victories.
What is the debt avalanche method?
Pay minimums on everything, then throw extra money at the highest interest rate first. Saves the most money in total interest paid. Mathematically optimal.
Which method is better?
Avalanche saves more money. Snowball gives faster wins that help you stay motivated. If the interest savings are small (under $100), pick whichever keeps you going.
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