Debt Snowball Calculator
Free debt snowball calculator. Pay off your smallest balance first for quick wins and motivation. See your debt-free date and total interest paid.
Let's list your debts
No judgment here — just getting a clear picture.
Can you add any extra?
Even $20/month makes a real difference. But no pressure!
Added on top of your minimums each month
Tax refund, bonus, or gift?
Not sure yet? You can skip this step — we'll still show your payoff plan.
You'll be completely debt-free by
That's just months away!
Great news! You'll save in interest — that's real money back in your pocket! And you'll be debt-free months sooner than just paying minimums.
Your debt disappearing over time
Your payoff journey
Each milestone is a victory. Celebrate them!
Paid off in month — First win!
Debt Freedom Day!
What's next?
| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
Showing first 24 of months.
How the Snowball Method works
The debt snowball method focuses on quick wins. You pay off your smallest debt first, then roll that payment into the next smallest. Each payoff gives you momentum and motivation.
Why it works
Personal finance is 80% behavior. The psychological boost from paying off a debt — even a small one — keeps you committed to the journey.
The process
- List debts from smallest balance to largest
- Pay minimums on everything except the smallest
- Throw every extra dollar at the smallest debt
- When it's gone, roll that payment to the next one
- Repeat until you're free
Is it right for you?
Snowball is great if you need motivation, have struggled with debt plans before, or have several small debts you can knock out quickly. The wins keep you going.