Snowball Calculator

The Snowball method of paying off debt, is the most known method world-wide.

The purpose of the snowball is to eliminate lowest balance debts first, and work your way up to the highest balance debts linearly. You typically do pay more interest by using the snowball method, opposed to the avalanche method.

Whilst conquering your debt via the snowball method, you will feel a quick relief after seeing your smaller debts disappear fast, which seriously helps with motivation to continue on.

Calculation Wizard

You can quickly edit your debt balances by tapping on them in the table below.

Name Balance Edit/Delete
Based on your debt information, your total minimum budget is £0.00