Financial Calculator

Debt Destroyer

Create a personalized plan to eliminate your debt using the Snowball or Avalanche method.

Your Debts
NameBalanceRateMin
$200
$

Money you can throw at debt *above* minimums.

Payoff Plan

Snowball Method

Smallest balance first

2y 7m

Debt Free By

Total Interest$2,305

Avalanche Method

Highest interest rate first

2y 7m

Debt Free By

Total Interest$2,305

Debt Payoff Strategies

There are two main mathematical approaches to paying off debt. Both work, but they prioritize different things.

Snowball Method

Focuses on behavioral momentum. You pay off debts from smallest balance to largest. Seeing debts disappear quickly keeps you motivated.

Avalanche Method

Focuses on mathematical optimization. You pay off debts from highest interest rate to lowest. This saves you the most money over time.