Our Debt Snowball & Avalanche Calculator helps you visualize and compare two effective strategies for paying off your debts: the Debt Snowball and the Debt Avalanche methods.

By providing details about your debts, you can analyze the time it will take to become debt-free and the total interest you’ll pay using each approach, empowering you to choose the strategy that best aligns with your financial and psychological needs.

Use This Debt Snowball & Avalanche Calculator to:

Compare Debt Payoff Strategies

• Evaluate the Debt Snowball and Debt Avalanche methods side-by-side.
• Understand the pros and cons of each approach to make an informed decision.

Develop a Debt Elimination Plan

• Create a step-by-step plan for tackling your debts.
• Visualize your progress and stay motivated on your debt-free journey.

Minimize Interest Costs (Avalanche)

• See how much money you can save in interest by prioritizing high-interest debts.
• Optimize your debt repayment strategy to reduce your overall financial burden.

Gain Momentum and Motivation (Snowball)

• Experience the psychological boost of paying off smaller debts quickly.
• Build confidence and stay committed to your debt-elimination goals.

Key Benefits:

• Comparison. Provides a clear comparison of two popular debt payoff methods.
• Personalization. Allows users to choose the strategy that best fits their needs and preferences.
• Actionable Plan. Helps users create a concrete plan for becoming debt-free.

*Image courtesy of Yuliia Doronenkova from Vecteezy.