What is the debt avalanche method?

The debt avalanche method pays off debts in order of highest to lowest interest rate. You make minimum payments on all debts, then put any extra money toward the highest APR debt. This saves the most money on interest charges.

What is the debt snowball method?

The debt snowball method pays off debts from smallest to largest balance. You make minimum payments on all debts, then put extra money toward the smallest debt. This provides psychological wins and motivation through quick victories.

Which debt payoff method is better?

Debt avalanche saves more money on interest (mathematically optimal). Debt snowball provides faster psychological wins. Choose avalanche for maximum savings, or snowball if you need motivation from quick wins.

How much should I pay extra toward debt?

Any extra amount helps. Even $50-100/month can cut years off your payoff time. Start with what you can afford, then increase as you pay off smaller debts and free up cash flow.

Debt Payoff Calculator

Compare debt avalanche vs snowball methods. See how much faster you can become debt-free with extra payments.

Your Debts

Debt Name	Balance	APR	Min. Payment
		%
		%
		%
		%
Total	$45,000		$860/mo

Extra Monthly Payment

Apply this extra amount each month toward debt payoff

Don't panic if it's high. You're going to eliminate it systematically.

Debt Avalanche

Pay off highest interest rate debts first. Saves the most money on interest charges. Best for mathematical optimization.

Debt Snowball

Pay off smallest balances first. Provides psychological wins early on. Best for motivation and momentum.