Debt Payoff Visualizer
Compare strategies, map your timeline, and find out exactly when you'll be debt-free.
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⚠️ Warning: Your minimum payments do not cover the monthly interest. This debt will never be paid off with current settings.
Snowball vs. Avalanche: Which is better?
Both methods require you to make minimum payments on all debts, but they differ in where you apply your extra cash.
- The Snowball Method: You target the debt with the smallest balance first. Once paid off, you roll its minimum payment into the next smallest debt. Pros: Huge psychological wins and quick momentum.
- The Avalanche Method: You target the debt with the highest interest rate first. Pros: Mathematically saves you the most money on interest overall.
- Which should you choose? Personal finance is personal. If you need quick psychological wins to stay motivated, use the Snowball. If you are strictly analytical and want to save every penny, use Avalanche. Toggle between them above to see the difference in your timeline!