Snowball or avalanche?

Compare both payoff strategies with your own debts and the same monthly budget.

Your debts

Start with the editable sample debts, or replace them with your own. When a debt is paid off, its payment moves to the next one.

Credit card

Debt name

Balance ($)

APR (%)

Minimum ($)

Car loan

Debt name

Balance ($)

APR (%)

Minimum ($)

Personal loan

Debt name

Balance ($)

APR (%)

Minimum ($)

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See your path forward

Sample debts

Extra monthly payment ($)

Payoff strategy

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Compare both strategies

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Monthly payoff schedule

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Understand your results

Estimates assume fixed APRs, monthly interest (APR ÷ 12), an unchanged total monthly payment, no fees and no new charges. Actual results may vary based on your lenders’ terms and how they apply payments.

Snowball vs. avalanche

Compare two popular strategies for paying off debt and find out which might fit your situation best.

Read the guide

Making extra payments

Learn how extra payments work, where they go, and simple ways to make them part of your plan.

Read the guide

Planning your debt-free date

Get practical tips to set a realistic timeline, stay motivated, and adjust your plan as life changes.

Read the guide