Add all your debts, choose your payoff strategy, and see exactly when you'll be debt-free. Compare snowball vs avalanche methods.
Snowball: Pay off smallest balance first for quick wins and motivation.
The debt snowball method (popularized by Dave Ramsey) prioritizes paying off the smallest balance first, giving you quick psychological wins. The avalanche method targets the highest interest rate first, saving you more money mathematically. Research from Harvard Business School found that the snowball method leads to higher success rates because the motivation from quick wins keeps people on track. However, the avalanche method typically saves $500-$3,000 more in interest over the life of the debt. Use our calculator to compare both and choose what works best for you.
Every extra dollar you put toward debt reduces your payoff time dramatically. Even an extra $50/month can shave months off your timeline and save hundreds in interest. Consider negotiating lower interest rates, consolidating high-interest debt, or picking up a side hustle specifically to fund extra debt payments. Our side hustle calculator can help you estimate how much extra income you could generate.