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Debt Payoff Calculator (Snowball & Avalanche)

Enter your debts with balances, rates, and minimum payments to compare snowball (smallest balance first) vs. avalanche (highest rate first) payoff strategies.

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How to use this tool

  1. 1Add each debt with its balance, interest rate, and minimum payment.
  2. 2Enter your total monthly payment budget.
  3. 3Compare the snowball and avalanche payoff timelines.

Frequently asked questions

Which strategy saves more money?+

Avalanche (highest interest rate first) minimizes total interest paid; snowball (smallest balance first) often keeps people motivated through faster early wins.

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