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Debt Payoff Planner

Compare snowball vs avalanche strategies to pay off debt faster

Total Debt
$45,000
Min payments: $730/mo + $200 extra
Avalanche Method
Pay highest interest rate first
6y 8m
Total paid: $53,324
Saves more money
Snowball Method
Pay smallest balance first
6y 8m
Total paid: $53,324
Faster quick wins