Debt Payoff Calculator: Avalanche vs Snowball
Not sure whether to clear the smallest debt or the highest-interest debt first? This spreadsheet runs both methods side by side. Enter up to 8 debts with their balance, APR and minimum payment, plus the total you can pay each month. It builds a full monthly schedule for each method, charging interest at APR/12 and rolling each cleared debt's payment into the next. The dashboard shows your debt-free date, the months it takes, total interest and total paid for avalanche and for snowball, the order and month each debt is cleared, and two charts. You only type in the yellow cells, and the example data clears in seconds. It works with any currency.
Created with AI assistance. Not financial advice; for general information and planning only. It is not debt, investment, pension or tax advice, and no saving, payoff, return or retirement result is guaranteed. Results are estimates based on your own inputs; assumed rates are editable and illustrative. Calculators and figures are an illustration only, not financial advice; returns are not guaranteed. For free UK debt help: MoneyHelper, StepChange, National Debtline, Citizens Advice (named for information only; Fernbrook Guides is not affiliated with or endorsed by them). Excel is a trademark of Microsoft Corporation; Google Sheets is a trademark of Google LLC; Fernbrook Guides is not affiliated with either. Price includes VAT where applicable (collected by Lemon Squeezy, our merchant of record). Refunds: email teamaijjgroup@gmail.com within 14 days of purchase for a full refund; if a file is faulty, we fix it, replace it or refund you; your legal rights are not affected. Personal use only.