Finance Calculator
Pay off all your debts — in the right order, as fast as possible
The debt snowball method means paying off your smallest balance first while making minimum payments on all others. When that debt is cleared, you roll its payment into the next smallest — creating a growing "snowball" of payments. The psychological benefit of quick early wins makes this one of the most effective debt payoff strategies for staying motivated.
The debt avalanche method is mathematically superior — you pay off the highest interest rate first, minimising total interest paid. It saves more money but takes longer to see the first debt cleared. Both strategies beat paying minimums only by months or even years, and save hundreds or thousands in interest.
Once you're debt-free, redirect those monthly payments into savings. Use our Savings Goal Calculator or Compound Interest Calculator to see how fast your money can grow.