Calculators
Budgeting
Debt Pay-Off Strategies
Compare all five pay-off strategies side by side. Enter your debts, set your monthly budget, and see which approach gets you debt-free fastest and cheapest.
$
per month, total available for all debts combined · Minimums total $235
Your debts
$
%
$
$
%
$
$
%
$
Cheapest strategy
🏔 Avalanche
13 months · $322 in interest
Total owed
$4,700
in interest
$322
Under the cheapest strategy
Saved by choosing well
$80
Cheapest against most expensive
| Strategy | Months | Interest | Total paid | Order cleared |
|---|---|---|---|---|
| ⛄ Snowball | 13 | $384 | $5,084 | Family loan → Credit card → Motorbike loan |
| 🏔 Avalanche | 13 | $322 | $5,022 | Credit card → Motorbike loan → Family loan |
| 🪜 Stairstepper | 13 | $384 | $5,084 | Family loan → Credit card → Motorbike loan |
| 💰 High Payment | 13 | $402 | $5,102 | Motorbike loan → Credit card → Family loan |
| 🎯 Custom | 13 | $322 | $5,022 | Credit card → Motorbike loan → Family loan |
29 Sept 2026
Total owed across all debts. The order you clear them in changes how fast the line falls.
Strategy Guide
- ⛄ Snowball
- Pay off the smallest balance first. Builds momentum with quick wins. Best for motivation.
- 🏔 Avalanche
- Pay off the highest interest rate first. Mathematically minimises total interest. Best if disciplined.
- 🪜 Stairstepper
- Pay off whichever debt will be eliminated soonest with your available extra budget. Frees up cash flow the fastest, and is re-evaluated after each payoff. A balance between snowball and avalanche.
- 💰 High Payment
- Pay off the debt with the highest minimum payment first. Frees up the largest monthly cash amount when paid off, which suits you if your goal is maximising future cash flow.
- 🎯 Custom
- Your own order. Drag the rows or use ▲▼ to arrange debts in the order you want to pay them off. The custom strategy follows the table order from top to bottom.