How it works
Two proven strategies:
- Avalanche: pay minimums on all debts, throw extra at the highest APR. Mathematically cheapest.
- Snowball: throw extra at the smallest balance first. Costs slightly more interest but gives quick wins that keep you motivated.
Studies show the best strategy is the one you stick with — motivation beats math.
Frequently asked questions
Avalanche or snowball — which is better?
Avalanche saves more interest. Snowball has better completion rates because early wins build momentum. Pick the one you'll follow.
Should I consolidate debts?
A lower-rate consolidation loan can help if you stop adding new debt. Without that discipline, it just frees up cards to refill.
How much extra should I pay?
Every extra dollar skips future interest. Even $100/month extra on $20k of debt saves thousands.
Disclaimer: This calculator provides estimates for educational purposes only and is not financial, tax, or legal advice. Consult a qualified professional before making financial decisions.