Which Payoff Method Should You Use?

The most effective way to pay down debt is to focus on accounts with the highest interest rate which is known as the debt avalanche method or debt stacking. However, many people like to focus on accounts with the smallest balance first, also known as the debt snowball. You can simulate both methods along with some others on form below to see which one works best for you.

$ .00
# Account Name Current Balance Minimum Payment Interest Rate
Add Row Delete Row
@undebt_it I revamped the account reset process so you can choose which area you want to reset. You can now reset accounts, hi… https://t.co/UBgxK27wOT
9:55 AM - Feb 15th 2020
@undebt_it I think I fixed the problem with duplicate transactions showing up on YNAB sync'd accounts. If you are still seeing… https://t.co/DePiyVXlXt
7:33 PM - Feb 13th 2020
@undebt_it By popular demand, I have added delete buttons to the account list page https://t.co/wMKdyPv1l6
8:31 PM - Feb 10th 2020
@undebt_it Happy new year everybody! It's that time of year for my annual post about the 52-week savings challenge. Now is the… https://t.co/Q1BhtJAjf8
10:41 AM - Jan 1st 2020
@undebt_it One last goal for 2019 - help me get to 100k registered users before the new year. Only 250 more to go! https://t.co/jlvTy90JeH
9:01 AM - Dec 30th 2019