Snowball Debt Calculator

Calculate your consulting rate based on your desired annual income, billable hours, and business expenses.

Enter Your Debts

Debt 1

$
%
$

Debt 2

$
%
$
$

Additional amount you can pay each month beyond minimums

Enter your debts and click Calculate Payoff to see your debt-free plan

How to Use This Calculator

Step 1: Enter Each Debt

Add all your debts including credit cards, personal loans, medical bills, and any other debts you want to pay off. For each debt, enter the current balance, interest rate, and minimum monthly payment.

Step 2: Add Your Extra Payment

Enter the additional amount you can afford to pay each month beyond your minimum payments. This extra payment accelerates your debt payoff timeline.

Step 3: Review Your Debt-Free Plan

See your debt-free date, total interest savings, and the order in which your debts will be paid off. The calculator automatically orders your debts from smallest to largest balance.