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Debt Payoff Planner

Compare the Snowball (smallest balance first) vs. Avalanche (highest rate first) debt payoff strategies.

Results

Snowball

Months

37

Total Interest

$2,983.06

Avalanche

Months

37

Total Interest

$2,628.14

Recommendation

Avalanche method saves $354.93 in interest

Payoff Order (Snowball)

Personal Loan → Credit Card → Car Loan

Payoff Order (Avalanche)

Credit Card → Personal Loan → Car Loan