Debt Snowball vs Avalanche Calculator
Debt Snowball vs Avalanche Calculator
Snowball clears your smallest debt first for quick wins. Avalanche attacks your highest interest rate first for the biggest savings. Enter your debts below and see exactly how each method performs for your situation.
Your debts
Balance (£)
Interest rate (% APR)
Min payment (£/month)
Debt 1
Debt 2
Debt 3 (optional)
Debt 4 (optional)
Your extra payment
The extra payment is what you throw at your target debt on top of all minimum payments. When a debt is cleared, its minimum payment is rolled onto the next target automatically.
Tip: The best debt payoff method is the one you actually stick with. If quick wins keep you motivated, go snowball. If you want the maths on your side, go avalanche. Either way, every extra pound goes straight onto your target debt.