Order debts by smallest balance first, roll freed minimums into the next, and see your payoff timeline.
List each debt as "balance rate minPayment" per line — the planner parses lines like "5000 18 100".
Amount beyond minimums applied each month to the target debt.
Payoff Order
1. $3,400 — ~14 mo 2. $5,200 — ~25 mo 3. $12,000 — ~38 mo
Balances sorted smallest-first — the snowball payoff order.
Total Months
38
Months until every listed balance reaches zero if the plan is followed.
Total Interest
$3,826.24
Sum of interest paid over the life of the plan.
What this means
Behavioral method: small wins first build momentum, even when not mathematically optimal versus avalanche.
The debt snowball orders your debts from smallest to largest balance. Every spare dollar goes to the smallest debt while you keep making minimum payments elsewhere, so you clear balances quickly and build momentum.
Formula
order smallest balance first → apply extra cash + freed minimums → repeat until clear
Worked examples
FAQ
Why smallest balance first instead of highest rate?
Small wins build motivation. The debt snowball emphasizes psychology; the debt avalanche (highest rate first) minimizes interest instead.
What if a debt never clears?
If your payment does not cover the monthly interest, the plan flags that debt as one it cannot clear — raise the payment or reduce the rate.