Back to all calculators

Debt Snowball Calculator

Pay off multiple debts starting with the smallest balance first for psychological wins.

How It Works

The Snowball method prioritizes your smallest debt first:

  1. Pay minimums on all debts
  2. Apply extra payments to the smallest balance
  3. When paid off, roll that payment to the next smallest
  4. Repeat until debt-free

This method provides quick wins that keep you motivated throughout your debt payoff journey.

Frequently Asked Questions