Debt Snowball Calculator
The debt snowball method targets your smallest debt first. Each cleared balance frees up a payment to attack the next debt — building momentum.
How the snowball works
- List every debt and minimum payment.
- Sort by smallest balance first.
- Pay the minimum on every debt, plus everything extra on the smallest.
- When that debt is gone, roll its payment onto the next one.
Prefer to save on interest? See the debt avalanche calculator.
Frequently asked questions
What is the debt snowball method?
You pay minimums on every debt, then throw extra money at the smallest balance first. As each debt clears, the freed-up payment 'snowballs' onto the next debt.
Snowball vs avalanche?
Snowball pays smallest balance first for quick wins. Avalanche pays highest interest first to save more money. Both work; pick what keeps you motivated.
Does Dollarboard have a debt snowball calculator?
Yes — add your debts inside Dollarboard and the app helps you see payoff order and progress.
Plan your debt snowball
Add your debts in Dollarboard and see a payoff order.
Open Dollarboard