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❄️ Debt Snowball Calculator
Add all your debts, pick snowball or avalanche, and see exactly when you'll be debt-free.
$
Extra cash applied to your target debt each month
Your Debts (3)
Total balance: $14,200 · Total min payments: $365/mo
| Name | Balance | APR % | Min Payment | |
|---|---|---|---|---|
Debt-Free In
3y 3m
vs 5y 4m with minimums only
Total Interest Paid
$3,733
vs $6,138 with minimums only
You Save
$2,405
+ 2y 1m faster
Payoff Order (“Snowball”)
Each debt’s payoff month and total interest paid
| # | Debt | Starting Balance | APR | Paid Off In | Interest Paid |
|---|---|---|---|---|---|
| 1 | Store Card | $1,200 | 26.0% | 10 months | $147 |
| 2 | Credit Card | $5,000 | 22.0% | 2y 5m | $1,673 |
| 3 | Personal Loan | $8,000 | 11.0% | 3y 3m | $1,913 |
❄️ Snowball vs. 🏔️ Avalanche
- Snowball pays off the smallest balance first — big psychological wins, great for motivation.
- Avalanche targets the highest APR first — mathematically saves the most interest.
- Both methods work. The best one is the one you’ll stick with.
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