Debt Payoff Planner
See your exact debt-free date. Compare Avalanche vs Snowball side by side, and find out how much interest you save versus making minimum payments only. No sign-up, no data collected.
Your Debts
Attack order — Avalanche
| # | Date | Target Debt | Total Payment | Interest | Principal | Balance Remaining |
|---|
Avalanche vs Snowball — which should you use?
Avalanche — highest interest rate first
All extra money goes to the debt with the highest APR first. Once that's cleared, roll its freed payment into the next highest rate. Mathematically optimal — minimizes total interest paid. Best for people motivated by numbers who want to minimize cost.
Snowball — smallest balance first
Target the smallest balance regardless of interest rate. Quick wins build psychological momentum. Research shows the Snowball method has higher completion rates — the early victories keep you going. Best if you need motivation and quick progress markers.
The rollover effect is the real power
When a debt is paid off, its freed minimum payment rolls directly into the next target — so your attack payment grows bigger with every debt you clear. Even $50/month extra can cut years off your debt and save thousands. The debt you pick off first matters far less than consistently paying extra every month.
Once you're debt-free, what's your FIRE number?
Model your full path to financial independence with year-by-year projections, Monte Carlo simulation, and income event planning.