Debt Avalanche Calculator
The debt avalanche method targets the highest-interest debt first to minimise total interest paid. Mathematically, it is the optimal strategy — it always results in the least total interest and the fastest time to debt freedom compared to any other fixed-payment strategy.
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Tip: If the interest rate difference between your highest and lowest debts is small (say, 0–2%), the difference between snowball and avalanche in total interest paid is also small. Choose whichever keeps you most motivated.
- 1List all debts from highest interest rate to lowest
- 2Pay minimum payments on all debts each month
- 3Put all extra money toward the highest-rate debt
- 4When cleared, roll its full payment to the next highest-rate debt
- 5The "avalanche" of freed payments accelerates repayment
39.9% overdraft + 21.9% credit card + 9.9% loan, +£100 extra=Target overdraft first despite it being smallerEliminates most expensive debt per pound paid
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