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Debt payoff: snowball vs avalanche

A month-by-month plan to clear several debts, comparing the snowball and avalanche methods.

What you enter

  • Your debts
  • Total you can pay each month
  • Method

How this is calculated

  • Every month: add interest, pay each minimum, then put the rest of the budget on the target debt.
  • Avalanche targets the highest interest rate; snowball targets the smallest balance.

More in this category

⇄ Loan EMI & amortization⇟ Loan prepayment▭ Credit card payoff⟲ Loan refinancing (student or personal loan)⌂ Loan eligibility & affordability

These calculators show illustrative outcomes only. Returns are not guaranteed. Tax rules and rates change; verify them before acting. Nothing here is financial, tax or legal advice.