Snowball · Avalanche · Multi-Debt · Interest Saved
| Factor | Avalanche | Snowball |
|---|---|---|
| Strategy | Pay highest interest first | Pay smallest balance first |
| Math Winner | Saves more interest | Slightly more interest paid |
| Psychology | Slower visible wins | Quick wins = motivation |
| Best For | Disciplined, number-driven | Need motivation boost |
| Action | Monthly Impact |
|---|---|
| Balance transfer (0% APR promo) | Stop interest for 12-18 months |
| Side income dedicated to debt | $500-2K extra/month |
| Negotiate lower rates (call lender) | 2-5% rate reduction possible |
| Sell unused items | One-time $500-2K lump sum |
| Refinance high-rate loans | Significant if credit improved |
⚖️ This calculator provides estimates for educational purposes. Actual payoff timelines depend on interest calculation methods, payment timing, and fees. This is not financial advice — consult a financial advisor for personalized debt management strategies.