🏔️ Debt Payoff

Avalanche kills the highest-APR debt first (saves the most interest). Snowball kills the smallest balance first (motivational momentum).

Credit card$4,500 @ 22%

Balance$4,500

APR22%

Min payment$100

Car loan$9,000 @ 6%

Balance$9,000

APR6%

Min payment$200

Student loan$18,000 @ 5%

Balance$18,000

APR5%

Min payment$250

Extra payment / month (on top of $550 mins)$200

Total monthly: $750

Avalanche 🥇

62 mo

$4,556 in interest

Snowball

62 mo

$4,556 in interest

🥇 Avalanche saves $0 in interest.