Debt Payoff Planner
Debt NameBalanceRate (%)Min Pay
Snowball Method
Pay smallest balance first
Debt-free in
2y 5m
Total Interest
2,744
Psychological wins — clears small debts fast, boosting motivation.
Avalanche Method
Pay highest rate first
Debt-free in
2y 4m
Total Interest
2,427
Mathematically optimal — minimizes total interest paid.
Avalanche Advantage
The avalanche method saves you 317 in interest and 1m of payments compared to the snowball method.
Balance Over Time
Snowball 2y 5m
Avalanche 2y 4m
Bar shows debt elimination progress over time (0% to debt-free).
Snowball Order
Smallest balance → biggest
- 1 Credit Card A 5,000 @ 24%
- 2 Personal Loan 5,000 @ 14%
Avalanche Order
Highest rate → lowest
- 1 Credit Card A 5,000 @ 24%
- 2 Personal Loan 5,000 @ 14%