Debt Avalanche Calculator
Compare avalanche vs snowball strategies side by side. See exactly how much interest you save and when you'll be debt-free.
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Avalanche vs Snowball: Which is Better?
Avalanche Method
Target debts with the highest APR first. Minimizes total interest paid. Mathematically optimal — you'll pay the least amount of interest overall.
Snowball Method
Target the smallest balance first. Creates psychological wins that keep you motivated. May cost more in interest but has higher success rates for some people.
Higher APR debts accrue interest faster. By eliminating high-APR debt first, you stop the most expensive interest from accumulating.
Frequently Asked Questions
Which method saves more money?
The avalanche method always saves more money because it targets high-interest debt first. However, the snowball method has better psychological benefits for some people.
Should I consolidate my debt?
Debt consolidation can simplify payments and potentially lower your APR. Compare the new APR against your current weighted average APR to see if it makes financial sense.
What is a good debt-to-income ratio?
Lenders typically prefer a debt-to-income ratio below 36%. Above 43% is considered risky. Use this calculator to plan your path to a healthier financial profile.