Debt Payoff Calculator
Compare avalanche and snowball methods to eliminate your debts faster.
Your debts
Total debt
€16.000
Months to freedom
0
Total interest
€ 0
Debt-free date
mayo de 2029
Method comparison
Avalanche3a 4m
Interest paid: €3782
Snowball3a 4m
Interest paid: €4132
Avalanche saves €350 in interest
Payoff order
1
Tarjeta Mastercard2
Tarjeta Visa3
Préstamo PersonalWhat are debt payoff methods?
Strategies to eliminate multiple debts efficiently. The two most popular are avalanche (by interest rate) and snowball (by balance).
Avalanche vs Snowball
Avalanche: pay highest interest rate first. Saves most money. Snowball: pay smallest balance first. Generates quick wins and motivation.
Tips for eliminating debt
Keep minimum payments on all debts. Put all extra toward one debt. When paid off, add its payment to the next (cascade effect).