Multiple Debts? Run the Snowball.
One payment strategy for every balance you owe.
How the snowball works
Pay minimums on everything. Put every extra dollar toward the SMALLEST balance first. When it's gone, roll its payment into the next smallest. The wins come fast — that's the point: momentum keeps you in the game.
Avalanche is cheaper, snowball is stickier
Avalanche (highest APR first) saves the most interest. Snowball (smallest first) finishes more accounts sooner. Studies show people stick with snowball longer — and the best method is the one you don't quit.
The debt-free date is the real target
Set a monthly budget for debt, add it to the calculator, and you'll get the exact month you're free. Write that date down. It beats any motivation app.
Your plan, calculated
Your Results
Snowball pays smallest balances first (momentum); avalanche pays highest APR first (least interest). Both use every freed minimum toward the next debt.
Frequently Asked Questions
Snowball or avalanche — which is better?
Avalanche saves the most money; snowball keeps you motivated. Studies show both work — the best method is the one you'll actually stick with.
Should my monthly budget exceed the minimums?
Yes — the gap between your budget and total minimums is what accelerates payoff. Every extra dollar goes to the current target debt.
Related Calculators
Related tools
- Debt Payoff Calculator — single-debt plan
- Credit Card Payoff Calculator
- Budget Calculator — free up the extra payment
- The Fastest Way to Pay Off Debt