Debt Snowball Calculator
The snowball method pays off your smallest debt first — giving you early wins that build the momentum to tackle bigger debts. See your debt-free date and full payoff schedule.
Your Debts
Payoff Strategy
Extra Monthly Payment
📊 Your Payoff Plan
Balance Over Time
| Month | Balance | Payment | Interest |
|---|---|---|---|
| Oct 2026 | $4,992 | $100 | $91.67 |
| Sep 2027 | $4,889 | $100 | $89.82 |
| Aug 2028 | $4,764 | $100 | $87.57 |
| Jul 2029 | $4,612 | $100 | $84.82 |
| Jun 2030 | $4,425 | $100 | $81.47 |
| May 2031 | $4,197 | $100 | $77.37 |
| Apr 2032 | $3,919 | $100 | $72.36 |
| Mar 2033 | $3,580 | $100 | $66.24 |
| Feb 2034 | $3,165 | $100 | $58.78 |
| Jan 2035 | $2,658 | $100 | $49.66 |
| Dec 2035 | $2,040 | $100 | $38.52 |
| Nov 2036 | $1,284 | $100 | $24.92 |
| Oct 2037 | $362 | $100 | $8.32 |
📱 Track your real payments and progress in the free app
Download Free App →How the Debt Snowball Works
List all your debts from smallest balance to largest. Pay minimums on everything, then throw every extra dollar at the smallest balance. When it's paid off, roll that payment into the next smallest. The "snowball" grows as you eliminate debts.
The psychological power of the snowball is real. Studies show people who see quick wins early are more likely to stay motivated and finish their debt payoff journey.
Example: 3 Debts, Snowball Order
Note: The snowball ignores interest rate order. The medical bill goes first despite 0% APR.
Compare this to the debt avalanche calculator which would tackle the store card (28% APR) first. The avalanche saves more interest; the snowball eliminates more accounts sooner. See the full comparison →
Frequently Asked Questions
What is the debt snowball method?
The debt snowball method, popularized by Dave Ramsey, pays off your smallest debt balance first while making minimum payments on all others. When the smallest debt is eliminated, you roll that payment into the next smallest. This builds psychological momentum as you see debts disappear quickly.
Is the snowball or avalanche method better?
The avalanche method (highest interest first) saves more money in total interest paid. The snowball method (smallest balance first) provides faster motivational wins and higher completion rates. Research suggests the snowball may be better for people who struggle with motivation, while mathematically disciplined savers benefit more from the avalanche.
How long does the debt snowball take?
Timeline depends on your total debt, interest rates, and how much extra you can pay. Most people in 'attack mode' on the snowball method pay off $20,000–$40,000 in consumer debt within 2–4 years. Use the calculator above with your actual numbers to get a precise estimate.
DebtClear App
Track your payoff plan in the DebtClear app
Free on Android — iOS coming soon