Watch your debts disappear
List each debt with its balance, interest rate and minimum payment, add whatever extra you can pay each month, and press simulate. Month by month the bars shrink, and the moment one debt hits zero its whole payment rolls onto the next one — the snowball effect that makes the later debts fall faster and faster.
Snowball vs. avalanche
Two proven strategies, one tap apart. The snowball attacks your smallest balance first for quick, motivating wins. The avalanche attacks the highest interest rate first, which pays the least interest overall. The tool highlights which debt is being attacked and, at the end, shows your payoff time and the total interest paid so you can compare the two.
For a real plan
It applies your minimum payments plus the extra, and compounds interest monthly on each balance. It's an educational projection, so use it to compare strategies and see how much a bigger extra payment saves — then confirm the exact figures with your lenders. Even a small extra amount can cut months, sometimes years, off the timeline.
Educational estimate: not financial advice; confirm details with your lenders.
Frequently asked questions
Snowball or avalanche — which is better?
Avalanche saves the most interest mathematically; snowball keeps you motivated with fast wins. The best one is the plan you'll stick to — try both here and compare.
Does it include interest?
Yes. Each month it adds interest to every balance at its annual rate before applying your payments, so the payoff time and total interest are realistic estimates.
What is the fastest way to pay off debt?
Two proven methods: the avalanche pays the highest-interest debt first (cheapest overall), and the snowball pays the smallest balance first (best for motivation).
Avalanche or snowball — which is better?
The avalanche saves the most money; the snowball keeps you motivated with quick wins. The best one is the one you will stick to.
How much faster does an extra payment help?
A lot — even a small amount above the minimum goes straight to the principal, cutting both the time and the total interest, often dramatically.