Crush debt with the snowball method
Enter your balances and let the snowball roll. See exactly when you'll be debt-free.
Your Debts
| Debt Name | Balance ($) | Min Payment ($) | APR (%) | |
|---|---|---|---|---|
How It Works
1. List your debts
Enter all your balances, minimum payments, and interest rates.
2. Choose a method
Snowball targets smallest balances first for quick wins. Avalanche targets highest APR to save the most interest.
3. Make extra payments
Roll over minimum payments from paid-off debts into your next target.
The snowball method builds momentum by giving you quick wins, keeping you motivated to stick to the plan. While the avalanche method technically saves more money on interest, the psychological boost of the snowball method is often more effective in the long run.