Debt Snowball Calculator 2026 – Payoff Order + Timeline Planner

Q: Does snowball pay the highest APR first?

No. Debt snowball pays the smallest balance first. Paying highest APR first is called the debt avalanche method.

Q: What if my minimum payments are too low?

If monthly interest exceeds your payment, balances can grow. Increase payments, lower APR, or adjust debts.

Q: Is this calculator exact?

This is a planning estimate. Real interest may compound differently (daily interest, fees, due dates).

Q: Should I include zero-interest debts?

Yes. Including 0% debts can still help you build a complete payoff plan and finish faster.

Q: Can I export my plan?

Yes. You can download a TXT report or CSV file (Excel-compatible) from the results section.

🧾 Enter Your Debts

Debts (Snowball = smallest balance first)

Tip: APR is annual interest rate (example: 24.99). Minimum payment is what you currently pay monthly. Amounts are in your currency.

💸 Extra Monthly Budget (above minimums)

This is added to the current snowball target debt.

📅 Start Month (optional)

If blank, we use the current month.

How the Snowball works

Each month we pay the minimum payment on every debt. Then we apply your extra monthly budget to the smallest balance debt. When a debt is paid off, its minimum payment is “freed up” and added to your snowball payment for the next debt.

Debt Snowball Method Explained (Simple + Motivating)

The debt snowball strategy pays off debts from the smallest balance to the largest. The main benefit is motivation: you get quick wins early, which helps you stay consistent. This calculator builds a payoff plan using your balances, APRs, minimum payments, and your extra budget.

        Snowball basics: Pay minimums on all debts → put extra on the smallest balance →
        once it’s gone, roll that payment into the next debt.
      

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Frequently Asked Questions

1) Does snowball pay the highest APR first?

No. That’s the “debt avalanche” method. Snowball prioritizes the smallest balance first.

2) What if my minimum payments are too low?

If monthly interest is higher than what you pay, the debt can grow. Increase the payment or negotiate rates.

3) Is this calculator exact?

It’s a planning estimate. Real lenders may compound interest differently (daily, fees, due dates).

4) Should I include zero-interest debts?

Yes, you can. The plan still works and helps you finish everything faster.

5) Can I export my plan?

Yes. Use Download TXT or CSV (Excel-compatible) to save your plan.

❄️ Debt Snowball Calculator — Payoff Order + Timeline