Debt Snowball Calculator
List up to six debts. We pay the minimum on each, throw your "extra" at one debt at a time, and roll the freed-up cash to the next one. Try both strategies and see which finishes sooner.
Snowball or avalanche?
The avalanche method (highest APR first) saves you more money in interest. The snowball method (smallest balance first) gives you a quick win and keeps you motivated. Studies have repeatedly shown that people who use the snowball method actually finish at higher rates - so if you have started and given up before, snowball wins by default.