Debt Payoff
Snowball or avalanche — which clears my debt faster?
Add your debts, set how much extra you can throw at them each month, and see both strategies side-by-side.
Which one should I actually use?
If you’ve stuck to debt-payoff plans before — go avalanche, it saves the most money. If you’ve started and stopped a few times — go snowball, the quick wins keep you in the game. The difference is usually small (a few hundred dollars on typical Canadian household debts); what matters more is actually finishing.