Pay off your smallest debts first, build momentum, and crush your debt one balance at a time.
Enter up to 6 debts. The snowball method pays minimums on all debts while throwing extra money at the smallest balance first.
| Debt Name | Balance ($) | APR (%) | Min Payment ($) |
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The debt snowball method focuses on paying off your smallest balance first while making minimum payments on everything else. When the smallest debt is gone, you roll that payment into the next smallest. The psychological wins of eliminating debts quickly keep you motivated. It may cost slightly more interest than the avalanche method but works better for most people in practice.
A debt consolidation loan at a lower rate can free up more money to throw at your snowball.