Twenty quick tools for everyday money math — no sign-up, figures shown as you type.
List your debts and see how the two payoff strategies actually compare.
Snowball: pay minimums on everything, put every extra dollar toward the smallest balance first. Quick wins, more motivating. Avalanche: same idea, but target the highest interest rate first instead — usually cheaper overall. Once a debt is paid off under either method, its minimum payment rolls into the next target, so the payoff snowballs (or avalanches) faster as you go.