Snowball or avalanche?
Avalanche pays less interest. Snowball clears small debts sooner, which keeps some people going. Pick the one you'll stick with.
Debt payoff planner
Add your debts and what you can pay each month. See when you're debt-free, and the interest you pay with each method.
Every month pays each minimum, then puts the rest on the debt first in line. When a debt is paid off, its payment moves to the next one.
Calculations run in your browser. Device saving and carrying a plan are optional. Inputs go to your BudgetPro workspace only when you approve an import.
Questions
What if I can only pay the minimums?
Then the order doesn't matter yet. Even a little extra each month shortens the plan; try it in the calculator.
Can BudgetPro help me pay off debt?
Yes. BudgetPro plans debt payments in your Spending Plan, compares avalanche and snowball for your loans and the cards you carry a balance on, and shows the month you'd be debt-free.
More free tools
- Savings goal planner When you reach a savings goal, or what to save to get there on time.
- Emergency fund How much to keep for emergencies, and when you get there.