Enter up to three debts to see how long it will take to become debt-free using the Avalanche or Snowball payoff strategy.
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The Avalanche method pays extra toward the debt with the highest interest rate first, minimizing total interest paid over time. The Snowball method pays extra toward the smallest balance first, prioritizing quick wins and psychological momentum over pure mathematical efficiency.
Each debt makes its minimum payment every month, while any extra payment you specify is directed entirely toward one debt at a time based on your chosen strategy, moving to the next debt once the current target is fully paid off.
Avalanche typically saves more in total interest since it targets high-interest debt first, but Snowball can be more motivating for some people since it clears smaller debts faster.
This tool supports up to three debts at a time. For more debts, you can combine smaller balances into a single entry as an approximation.
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