FREE TOOL
Debt Payoff Calculator
Enter your balances and see your debt-free date — then compare how much faster (and cheaper) the avalanche and snowball methods get you there.
🤮 Interactive calculator coming soon
We’re building a live tool where you can enter each balance, rate, and minimum payment to see your payoff date and total interest under both strategies. For now, here’s how to choose your approach.
How to use it
List every debt with its balance, interest rate, and minimum payment, then decide how much extra you can throw at the problem each month. You keep paying minimums on everything and aim all your extra cash at a single target until it’s gone — then roll that payment onto the next one. That rolling payment is why progress accelerates.
Which strategy wins
The avalanche (highest interest rate first) saves the most money and time mathematically. The snowball (smallest balance first) delivers quick wins that keep you motivated. The best one is the one you’ll actually finish — we break down the full trade-off in the debt payoff guide.
Once the high-interest debt is gone, point that same monthly payment at investing and let it compound in your favor instead.
Get out of debt faster — free weekly tips
For educational estimates only. Not personalized financial advice.
Grow My Pile 