Debt Payoff Calculator

The debt snowball method pays off debts from smallest to largest balance. You make minimum payments on all debts, then put extra money toward the smallest debt first. Once paid, you roll that payment into the next smallest.

The debt avalanche method pays off debts from highest to lowest interest rate. This minimizes total interest paid over time, potentially saving thousands compared to other methods.

Choose snowball if you need motivation from quick wins. Choose avalanche if you want to minimize total interest. The best method is the one you'll stick with consistently.