Free tool

DEBT PAYOFF PLANNER

Edit the sample debts or add your own. Everything saves in this browser and updates instantly.

Total debt

$27,250

Minimum payments

$600

Per month

Snowball payoff

64 mo

Est. interest $4,090

Avalanche payoff

64 mo

Est. interest $4,090

YOUR DEBTS

Debt name
Balance
APR %
Minimum
Debt name
Balance
APR %
Minimum
Debt name
Balance
APR %
Minimum
Debt name
Balance
APR %
Minimum

Extra payment per month

Applied to the first debt in your chosen order.

Pick your order

SNOWBALL VS. AVALANCHE

Snowball pays the smallest balance first for fast wins. Avalanche pays the highest APR first to minimize interest. The best method is the one you will actually finish.

SMALLEST BALANCE FIRST

Projected payoff in 64 months · est. interest $4,090

1Store card26.99% APR
2Credit card22.5% APR
3Car loan6.9% APR
4Student loan4.5% APR

Projections are simplified estimates that assume fixed payments, no new charges, and constant APRs.

The Wealth Strategist provides financial education and organizational tools. Content is not financial, investment, tax, legal, or credit-repair advice.