Compare debt payoff strategies and find the fastest path to financial freedom. See exactly when you'll be debt-free with our comprehensive analysis and timeline.
Compare Snowball vs Avalanche methods with detailed analysis
See exactly when each debt will be paid off
Calculate total interest savings with different strategies
Additional amount beyond minimum payments
Pay minimum on all debts, then put extra money toward the smallest balance first.
Pay minimum on all debts, then put extra money toward the highest interest rate first.
Highest priority for payoff due to high interest rates
Fixed rates, predictable payments
Often tax-deductible interest
Secured by vehicle value
Lowest priority, tax benefits
Often negotiable, payment plans available
Gather all debt information: balances, interest rates, and minimum payments. Use our calculator above to input your debts.
Compare Snowball vs Avalanche methods. Choose Avalanche for maximum savings or Snowball for motivation.
Cut expenses, increase income, or use windfalls to accelerate debt payoff. Every extra dollar counts.
Set up automatic payments to ensure consistency and avoid late fees. Stay disciplined with your plan.
Monitor your progress monthly and celebrate milestones. Adjust your strategy if circumstances change.
Use our calculator above to create your personalized debt payoff plan. Choose the strategy that works best for your situation and start your journey to financial freedom today.