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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