Debt Snowball Calculator
List what you owe, add whatever extra you can pay each month, and see your debt-free date. The snowball and avalanche plans run side by side so you can pick the one you'll stick with.
My debt-free plan · debtsnowball.com
How the debt snowball works
Pay the minimum on every debt. Put every extra dollar on the smallest balance. When it's gone, add its minimum to the payment on the next smallest. The payment grows like a snowball rolling downhill, and you get an early win that keeps you going.
Read the step-by-step guideSnowball or avalanche?
The avalanche (also called debt stacking) targets the highest interest rate first, so on paper it almost always costs the same or less. The snowball clears whole accounts sooner. If the difference above is small, the plan you'll actually follow is the better plan.
Compare the two methodsWhat this calculator assumes
Interest compounds monthly at APR ÷ 12. Your total monthly payment stays the same until everything is paid, so each cleared debt's minimum rolls into the next target. No new charges are added. Real statements differ slightly because card issuers use daily balances.