Debt Snowball Calculator
Enter your debts below to compare the snowball method (smallest balance first) vs. the avalanche method (highest interest first).
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Add each debt separately. We'll calculate both strategies for you.
Snowball vs. Avalanche Comparison
Snowball Method
Smallest balance first
Payoff Order:
Avalanche Method
Highest interest first
Payoff Order:
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Debt Snowball vs. Avalanche: Which Is Right for You?
The Debt Snowball Method
Popularized by Dave Ramsey, the snowball method prioritizes paying off your smallest balances first, regardless of interest rate. Once a debt is paid off, you roll that payment into the next smallest debt. The psychological wins of eliminating debts quickly keep you motivated.
The Debt Avalanche Method
The avalanche method prioritizes debts with the highest interest rates first. This approach is mathematically optimal — it minimizes the total interest you pay over time. The tradeoff is that the first payoff may take longer, which can be discouraging for some.
Which method saves more money?
The avalanche method always saves more money in total interest. The difference can range from a few hundred to several thousand dollars, depending on your debts. Use the calculator above to see the exact difference for your situation.
Can I combine both methods?
Yes. Many people start with the snowball method to build momentum by eliminating one or two small debts, then switch to the avalanche method for the remaining larger balances. Another option is debt consolidation, which simplifies everything into a single payment at a lower rate.
What if I can't afford extra payments?
Both methods work with whatever you can pay above the minimums — even $25 or $50 extra per month makes a difference. If your minimum payments are already a stretch, debt consolidation may lower your overall monthly payment while still reducing total interest.