This tool helps you prioritize your debts by balance to build psychological momentum. By paying off the smallest balances first, you gain quick wins that keep you motivated until you are debt-free.
Total Debt Amount:
0
Estimated Payoff Order (Smallest to Largest Balance):
Months to Freedom:
00:00 Months
The Debt Snowball method is a debt-reduction strategy where you pay off debt in order of smallest to largest balance. This approach focuses on behavioral psychology—by clearing small balances quickly, you gain the "quick wins" and psychological momentum needed to stay motivated until all debts are gone.
Order: Balance(min) to Balance(max)
Example: Three credit cards with balances of $500, $1,200, and $5,000.
Why not pay highest interest first?Snowball focuses on psychological momentum and behavior change over math.
Do I still pay minimums?Yes, always pay minimums on all debts to protect your credit score.
When will I see results?Usually after the first small debt is cleared, providing a sense of accomplishment.
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