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Debt

Debt Payoff

Compare avalanche (highest interest first) vs snowball (smallest balance first). Both work — the best strategy is the one you stick with.

Balance

$

Rate

%

Min / mo

$

Balance

$

Rate

%

Min / mo

$

Balance

$

Rate

%

Min / mo

$

Above your minimums ($410/mo) — total budget: $510/mo

$

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Avalanche

Highest rate first

5yr

to debt-free

$4,222

total interest

Snowball

Lowest balance first

5yr

to debt-free

$4,222

total interest

Avalanche order

  1. 1Credit Card
  2. 2Car Loan
  3. 3Student Loan

Snowball order

  1. 1Credit Card
  2. 2Car Loan
  3. 3Student Loan