Debt Payoff Calculator – Snowball vs Avalanche UK

Paying off debt faster does not always require earning more - sometimes it requires a better order of attack. This calculator lets you compare two strategies: the Snowball method (smallest balance first, for momentum) and the Avalanche method (highest interest first, for efficiency). Enter your debts and see the total interest paid and time to debt freedom under each approach.

It is designed for anyone carrying multiple debts - credit cards, personal loans, overdrafts - who wants a clear side-by-side comparison before deciding how to tackle them. The right strategy depends on your personality as much as the maths: some people need early wins to stay motivated; others prefer to minimise total cost.

You can adjust minimum payments and extra monthly contributions to see how small changes affect your debt-free date. The numbers are often more encouraging than people expect. Once debts are under control, the Budget Calculator can help you redirect that freed-up cash toward savings or investing.