Debt reduction calculators
Two ways to clear multiple debts, and they lead to different places.
The avalanche targets the highest interest rate first. It costs you the least in interest and clears the debt fastest — the mathematically correct answer.
The snowball targets the smallest balance first. It costs slightly more, but you clear whole debts sooner, and the visible progress is why more people who start it actually finish.
These calculators show what each approach costs and how long each takes on your actual debts, so you can decide whether the difference is worth the motivation. Often it's smaller than people expect.
debt snowball calculator
Are you in debt and wanting to know how much money you can save by paying off your loans more quickly in order of smallest loan to largest? This is the sheet for you.
debt avalanche calculator
Just like the debt snowball spreadsheet, except this is paying your debt in order of highest interest to lowest. If you are unsure if the debt snowball or avalanche method of debt repayment is best for you, then this article may help.