Debt Snowball Calculator – Momentum for Fast Wins
Pay smallest debts first to build momentum. Calculate your timeline, interest, and payoff order with our snowball calculator.
Published on 9/15/2025
Debt Snowball Calculator – Momentum for Fast Wins
How the snowball works
- List debts by balance (small → large)
- Pay minimums on all
- Put all extra toward the smallest
- Roll freed payment to the next debt
Calculator inputs
- Debts: balance, APR, minimum
- Extra payoff budget
- Optional: expected income boosts
Outputs
- Payoff order and dates
- Interest paid and saved vs minimums
- Motivation milestones ("first debt gone" date)
Best for
- Many small balances
- Motivation challenges
- Simplicity preference
Tips
- Automate payments and rounding‑up
- Celebrate each payoff to sustain momentum
- Pair with micro‑side hustles for faster results
Walkthrough example
Starting debts:
- Store Card: $800 @ 24% (min $25)
- Card B: $2,400 @ 18% (min $60)
- Loan C: $6,000 @ 9% (min $120)
- Extra payoff: $300/mo
Month‑by‑month snapshot
- Months 1–2: Store Card gone → roll $25 to Card B
- Months 3–8: Card B gone → roll $85 to Loan C
- Months 9–? : Attack Loan C with $120 + $385
Result: Debt‑free faster with visible wins; total interest lower than minimums‑only by $X.
Related
- Snowball vs Avalanche Calculator: /calculator/snowball-vs-avalanche-calculator
- Debt Avalanche Calculator: /calculator/debt-avalanche-calculator
- Budget Calculator: /calculator/02-budget-calculator
Related keywords we cover
- small balance strategy, motivation-based debt payoff
- debt payoff milestones, visual progress tracker
- automate extra payment, round‑up savings for debt
debt snowball calculatordebt payoff calculatordebt reductionpersonal finance