Get out of debt faster
Compare Snowball and Avalanche repayment strategies side by side. Add your debts, set extra monthly payments, and see exactly how much interest you save and how many months sooner you become debt-free.
Add Your Debts & Accelerate
Add all your debts — credit cards, consumer loans, overdrafts. Set an extra monthly payment to see how much faster you can be debt-free and how much interest you'll save.
Credit card
Rate: 19.9% · Min. payment: 2 000 Kč
50 000 Kč
Consumer loan
Rate: 8.9% · Min. payment: 3 500 Kč
120 000 Kč
Overdraft
Rate: 15.5% · Min. payment: 1 500 Kč
30 000 Kč
Accelerate repayment
Extra monthly payment
Expected savings
11 387 Kč
Faster payoff
8 months
Debt Overview at a Glance
See your total debt, weighted average interest rate, total minimum payments, and how much you save with extra payments — all in one clear dashboard.
Total debt
200 000 Kč
Average rate
12.6%
Monthly minimum
7 000 Kč
Interest saved
1 938 Kč
Snowball vs Avalanche Method
Two proven strategies. Snowball pays smallest debts first for psychological wins. Avalanche targets highest interest first to minimize total cost. See which saves you more.
Snowball
Smallest debt first
Pay smallest debts first for quick wins. Popularized by Dave Ramsey.
Debt-free in
2y 8m
Total interest
29 576 Kč
Total paid
229 576 Kč
Avalanche
Highest interest first
Pay highest interest debts first. Mathematically optimal, save the most.
Debt-free in
2y 8m
Total interest
27 637 Kč
Total paid
227 637 Kč
Choose Snowball if you need motivation from quick wins. Choose Avalanche if you want to minimize total interest paid.
Visual Payoff Timeline
Watch your total debt decline month by month. Compare both methods side by side — see where the Avalanche method starts saving you more on interest.
Smart Repayment Strategy
Get personalized tips based on your debt profile. Understand when Snowball's psychological boost matters more vs Avalanche's mathematical advantage.
Snowball
If you need motivation, choose Snowball — quick wins keep you going
Avalanche
If you want to save the most, choose Avalanche — math wins
Pro tip
Always pay at least minimums on all debts, put extra toward your priority debt
How it works
Three simple steps to your debt-free plan
Add Your Debts
Enter each debt with balance, interest rate, and minimum payment. Credit cards, loans, overdrafts — add them all.
Set Extra Payment
Add extra monthly payment beyond minimums to accelerate payoff and see real-time savings calculations.
Compare Methods
See Snowball vs Avalanche results, timeline chart, and choose the strategy that fits your personality and goals.
Why trust this guidance
These recommendations are based on peer-reviewed research, not our opinion:
Paying off the smallest debt first raises your odds of actually finishing — more than the mathematically "cheapest" order.
Gal & McShane (2012), Journal of Marketing ResearchCompleting small steps (closing individual debts) sustains the motivation to keep going.
Brown & Lahey (2015), „Small Victories“, CFPB / NBERWhen the interest-rate gap is large enough, paying the most expensive debt first wins — even the snowball authors concede this.
Brown & Lahey (2015), CFPBFinancial scarcity reduces cognitive bandwidth — so we avoid overload and guide one step at a time.
Mullainathan & Shafir, scarcity (scoping review, PMC 2024)Where to get professional help
If your debts are growing faster than you can repay them, talk to a licensed non-profit debt counselor in your country.
- Formal debt-relief procedures can stop interest and penalties from growing and discharge remaining debt after a set period.
- Filing usually requires a licensed professional or accredited counselor. We do not file anything for you — we only point you to help.
- Many countries have non-profit debt advice lines that are free of charge.
Contact a licensed non-profit debt counselor in your country
Important disclaimer
This tool is for orientation and planning only, based on the data you enter. It does not provide legal, tax or financial advice and does not replace a debt counselor, lawyer or insolvency administrator.
Calculations are approximate. Real amounts, interest (APR), fees, penalties and payoff time may differ based on your creditors’ terms and current law. Assetli does not guarantee accuracy and is not liable for decisions made based on these results.
We do not file insolvency. Formal debt-relief filings must be done by a licensed professional or accredited person.
If you cannot keep up with payments, contact a free non-profit debt counseling service in your country.
Legal information verified as of 06/2026
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