Debt snowball: small wins that free cash flow
The debt snowball method ranks revolving and installment balances from the smallest amount owed to the largest. You keep paying minimums across the board, then throw every spare pound or dollar at the tiniest balance until it clears. The psychological point is momentum: closed accounts create visible progress that helps many households stay in the plan long enough for the math to matter.
How to use this calculator
Enter the amounts that describe your current stack—balances, rates, and a plausible extra payment—and read the estimate as a rehearsal, not a lender schedule. Pair it with a budget planner so the “extra” is money you will not miss when rent, food, or commuting spikes. If motivation is not your bottleneck and interest cost is, compare the same inputs in an avalanche view.
US and UK context
US readers often mix cards, personal loans, and medical bills; UK readers may be juggling cards, overdrafts, and catalogue credit. Product rules differ, but the snowball ordering idea stays the same. Results are educational estimates in your browser—not credit counselling or regulated debt advice.