Debt Payoff Planner: Avalanche & Snowball

A debt payoff plan becomes easier to understand when you can see its timing and total cost. Spendly lets you compare avalanche and snowball strategies using the debts and payment amounts you enter.

Bring your debts into view

Record balances, interest rates, and minimum payments, then choose the extra amount you want to explore putting toward repayment. Keep those inputs current as balances change.

The planner uses that information to build a comparison. You can inspect the order of repayment, projected interest, and estimated payoff dates rather than trying to work through each debt separately.

Compare two approaches

Avalanche directs extra payments toward the highest interest rate first. Snowball starts with the smallest balance. Each approach creates a different payment order.

Spendly shows the outcomes side by side so you can compare the projected timing and interest under the same inputs. The comparison gives you information to assess a plan that fits your circumstances.

Plan within each currency

Debt comparisons stay within a single currency. A dollar repayment plan and a euro repayment plan keep their own amounts and schedules visible.

Use your multi-currency overview to see liabilities alongside your wider financial position, and the net worth tracker to follow how assets and liabilities change over time.

Connect repayment to the rest of your plan

A sustainable payment amount starts with your budget. Explore the effect of regular commitments and spending in the cash flow forecast, then review the payoff plan as your balances or available surplus change.

The projected results follow the inputs you provide. Use them as a planning comparison and review the terms of your actual debts when making repayment decisions.