Compare the debt snowball and avalanche, and find your debt-free date.
Open the Debt Freedom Planner tool →List each debt with its balance, its APR, and the minimum payment, then enter the extra you can pay each month beyond those minimums. We pay every minimum, throw the extra at one target debt until it's gone, then roll that whole payment onto the next, the rolling payment that gives the method its name.
We run your numbers two ways. The snowball attacks the smallest balance first: you clear a whole debt quickly, which is a real win that keeps most people going, because getting out of debt is mostly about behavior. The avalanche attacks the highest rate first, which always costs the least interest and is sometimes faster. We show the freedom date and the total interest for each, plus exactly what the snowball's momentum costs you over the avalanche, so the choice is yours and nothing is hidden.
It's deterministic month-by-month arithmetic on your own balances, with nothing to cite. Debts default from My Situation if you've entered them. It pairs with the budget on the home page (find the extra) and the Freedom Date tool (a single balance).
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