Smallest balance first: Sep 2031, $7,194 in interest.
Hybrid: Sep 2031, $7,194 in interest.
Email me this plan
Your debt-free date and payoff order, in your inbox. When pinchd opens, you can turn it into a plan that fits your paychecks.
How it works
- Every debt gets its minimum each month, and interest is added monthly.
- Your extra goes to one debt at a time, in the order you pick.
- When a debt is gone, its minimum joins the extra and rolls to the next one.
- The last payoff is your debt-free month.
Snowball or avalanche?
Highest rate first saves the most interest. Smallest balance first gets you a win sooner. Both beat paying minimums, and the best one is the one you’ll stick with.
the order matters less than starting.
Turn the answer into a plan
In pinchd, every payment lands in the paycheck that pays it, and you tick it off as you go. No bank login, ever.
Questions
Snowball or avalanche: which is better?
Highest rate first (avalanche) usually saves the most interest. Smallest balance first (snowball) clears a debt sooner, which keeps a lot of people going. The calculator shows both so you can see the trade.
What happens when a debt is paid off?
Its minimum payment doesn’t disappear. It joins your extra and goes after the next debt, so every payoff speeds up the next one.
How accurate is this?
It’s an estimate: fixed rates, the same payments every month, and interest added monthly. Real statements vary a little.
Should I save or pay off debt first?
Most people keep a small cushion first, so one surprise doesn’t land on a card. The Debt or Savings calculator walks through it.
Is this calculator free?
Yes. No sign-up. It’s in the pinchd app too, where the answer fits into your actual paychecks.