We use cookies to keep you signed in. Cookie policy
We use cookies
CalculatorAI uses cookies to keep you signed in and remember your preferences. Optional cookies help us understand how the site is used. Cookie policy
Smallest balance first debt payoff plan
Debt-Free Timeline
Estimated time to pay off every listed debt
First Quick Win
Store card
Store card clears around month 4
Monthly Payoff Velocity
$600
Weighted Avg APR
14.86%
Cost Breakdown
Snowball Payoff Order
Store card
$900 · 24.9% APR
Month 4
Credit card
$3,200 · 19.9% APR
Month 12
Personal loan
$7,500 · 11.5% APR
Month 22
What you owe against the average American's total debt.
You owe $93,844 less than All US consumers
Benchmark: Experian — Average total consumer debt per person (all debt types, including mortgages), September 2025. Your figure is your own tracked balances and never leaves your browser.
Drop in a paystub, bank statement or screenshot — the AI reads it and fills these fields for you.
Debt Payoff Tracker is where this stops being a one-off number: keep your real balances there and the projection updates itself.
Describe an invoice and the AI writes it. PDF without watermarks, free.
Snowball is a behavior-first debt plan: minimums stay protected, then every extra dollar targets the smallest balance. Pair that motivation with the CFPB’s reminder that paying more than the minimum reduces interest over time: CFPB guide.
The snowball starts only after every required payment is covered.
Smallest balance first creates the fastest visible payoff.
Do not spend the old payment after a debt closes; add it to the next target.
The math is not always cheapest, but the psychology can be powerful if quick wins keep you consistent.
How-to guides that use this tool