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Debt tools

Should I use the snowball or avalanche method?

List everything you owe, then add whatever you can put toward it beyond the minimums. We'll run both payoff methods — smallest balance first, or highest rate first — and show what each one costs.

What you owe

YOUR DEBTS
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On top of all the minimums. This is the number that does the work.

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Add at least one debt with a balance and a minimum payment to compare payoff strategies.

Save or send these numbersEmail

All four happen in your browser. Your figures are not sent anywhere — the email opens in your own mail app, already filled in.

Why avalanche always wins on paper, and snowball wins in practiceA written guide to the rules behind this calculator →
For educational purposes only. Assumes fixed rates and that you stop adding new debt. Credit card minimum payments usually shrink as the balance falls, which makes payoff slower than shown here if you only ever pay the minimum. Not credit counselling advice.