Debt repayment calculator
List your debts with their balances, rates and minimum payments to build a payoff plan — and compare the snowball method (smallest balance first) against the avalanche method (highest interest first).
Build your payoff plan →Snowball vs avalanche
The avalanche method targets the highest interest rate first and is mathematically cheapest. The snowball method clears the smallest balance first, giving quicker wins that many people find easier to stick to. The best method is the one you will actually follow — the calculator shows the cost difference so you can decide.
Frequently asked questions
Should I use the snowball or avalanche method?
Avalanche (highest interest first) saves the most money; snowball (smallest balance first) gives faster psychological wins. If the cost difference is small, pick whichever keeps you motivated.
Should I pay off debt before saving?
Generally, clearing debt costing more interest than savings would earn comes first — with the common exception of keeping a small emergency fund and never giving up employer pension matching.