Free financial calculator
Debt Avalanche vs Snowball Calculator
Compare debt avalanche and debt snowball repayment strategies using the same monthly budget.
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Debt Avalanche vs Snowball Calculator
Compare debt avalanche and debt snowball repayment strategies using the same monthly budget.
Result
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View year-by-year breakdown ＋
| Year | Contributions | Growth | Balance |
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Questions answered
What this calculator helps you work out
- Which strategy could cost less interest?
- How long might each strategy take?
- How does repayment order affect progress across several debts?
Common questions
Debt Avalanche vs Snowball Calculator FAQs
What is the debt avalanche method?＋
It sends extra money to the highest-interest debt first, which often minimises interest.
What is the debt snowball method?＋
It targets the smallest balance first, creating earlier account closures that some people find motivating.
Which method is best?＋
Avalanche often has the mathematical advantage, while snowball may offer behavioural benefits. The sustainable plan is the one you can follow.
Go beyond the result
Debt Avalanche vs Snowball: Which Method Saves More?
See a worked example, the trade-offs to consider and the assumptions that can change the answer.