Multiple Debts
List every debt you're carrying — credit cards, personal loans, car loans — and see how fast you'll be debt-free by throwing extra money at them in the right order.
| Debt | Balance | Rate | Paid off in |
|---|
The snowball method pays off your smallest balances first for quick motivational wins. The avalanche method pays off the highest-interest debts first, which saves the most money overall.
Avalanche minimises the total interest and time to become debt-free. Snowball can keep you motivated with early wins. This calculator compares both for your actual debts.
Any amount above the minimum payments speeds up your payoff. Enter your available monthly budget and the calculator shows how much faster you clear the debts.
Yes. With the same monthly budget, targeting higher-interest debts first (avalanche) generally clears everything sooner and cheaper than paying randomly.
