Money Mind Shift

Snowball vs Avalanche

Enter your debts below and see which payoff method saves you the most — and how much faster you could be debt-free if you overpay.

Step 1

What debts do you have?

Include the current balance, annual interest rate, and your minimum monthly payment for each.

Step 2

Can you overpay each month?

Any extra amount goes straight to your focus debt. Try different amounts to see the impact.

Extra monthly payment: £
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Snowball

Smallest balance first

Builds momentum with quick wins

Debt free in
Total interest paid
Payoff order
Avalanche

Highest rate first

Mathematically optimal — saves the most

Debt free in
Total interest paid
Payoff order

Balance over time

Dots mark the moment each debt is cleared. Hover for details.

Snowball — payoff timeline
Avalanche — payoff timeline
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For guidance only. Results are estimates based on the information you enter and do not constitute regulated financial advice. Nothing you enter is stored, saved or transmitted — all calculations happen in your browser. If you are in serious financial difficulty, please contact StepChange (0800 138 1111) or National Debtline (0808 808 4000) for free, regulated advice.

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