How to use this tool
- Add your debts (name, balance, APR, minimum).
- Choose Snowball (smallest balance first) or Avalanche (highest APR first).
- Set your Monthly Extra Payment (optional).
- Click Calculate to generate the plan.
- If a minimum is below first-month interest, increase it (we flag this).
- Re-run with different extras — even +$25/mo helps.
- Pick the method you’ll stick with (motivation beats perfection).
Note: This planner is educational and not financial advice.
Your debts
Educational only. This is not financial advice.
| Name | Balance | APR (%) | Min Payment |
|---|
Payoff (months)
—
Total Interest (plan)
—
Interest Saved vs Minimums
—
First Debt Paid
—
Snowball — Months
—
Snowball — Interest
—
Avalanche — Months
—
Avalanche — Interest
—
Rollover schedule
| Month | Available Budget | Breakdown | Debts Paid This Month | Next Target |
|---|
Budget = monthly extra you entered + minimums from debts already paid off (these persist every month).
Milestones
—
Methodology
Each month: accrue interest; pay minimums on all open debts; then apply your extra payment (plus any freed minimums) to the highest-priority debt (Snowball = smallest balance first; Avalanche = highest APR first). When a debt hits zero, its minimum rolls to the next month’s available amount.
- We flag negative amortization if a minimum is below first-month interest.
- The Rollover schedule shows how freed minimums compound momentum.
- Tie-breakers: Snowball orders by current balance; Avalanche by APR.