Snowball Debt Elimination Calculator

The snowball debt elimination method is a simple strategy for paying off debt. When a balance is paid off, add the amount of its monthly payment to the payment for your next debt. Continue doing this until you have snowballed through all your balances and your debt is paid in full. This calculator shows you just how snowballing works.

Good debt vs. bad debt.

While some kinds of debt limit your financial options, other kinds actually offer opportunities to improve your financial future. We'll help you tell the difference.

Learn what makes debt good or bad

How to set financial goals and work toward them.

Maybe you want to buy a house or a car or build your retirement savings. Whatever your goal, here are tips on how to plan and track your progress.

Get started on working toward a financial goal

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Snowball Debt Elimination Calculator

Here's more helpful information.

Good debt vs. bad debt.

How to set financial goals and work toward them.