Debt Payoff Strategies

Compare the Debt Avalanche (highest interest first) vs Debt Snowball (smallest balance first) strategies to find the best way to pay off your debts.

How it works

  • Avalanche: Pay minimums on all debts, put extra toward highest interest rate. Saves the most money.
  • Snowball: Pay minimums on all debts, put extra toward smallest balance. Provides quick wins for motivation.

Your Debts

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This amount will be applied to your target debt each month

Enter your debts to compare payoff strategies

Add at least one debt with balance, rate, and minimum payment