The simplest way to stop feeling overwhelmed with debt is to take your first step towards financial freedom. Use the Debt Snowball Calculator to create an action plan that calculates your debt-free journey. Your financial toolbox just got bigger, pair it with your budget, mortgage, student loan, car loan apps, to help you achieve your ultimate goal - Financial Independence.
The Debt Snowball Calculator calculates the number of months and years it will take to become debt-free using your smallest balance, highest interest or any order you choose. Depending on your debt, you will either save big or not much at all. Choose a method that works for you.
Here's how to use it.
Enter in your debt and the app will create a debt-free plan. This plan will give you a timeline for car loan payoffs, credit card payoffs, student loan payoffs and mortgage payoffs. By paying off all your debts, financial freedom will be one step closer.
Now that you've created your plan, track your progress with our printable debt-free charts. Choose between two styles: a blank chart where you can fill in your own information or a chart where the app generates all your payments. You'll be tracking your debt-free journey in no time!
Are you loving the app? We'd love to hear from you! Please take a moment to leave us a nice review or send us an email at email@example.com. We appreciate all your support!
Ratings and ReviewsSee All
Needs more work
Overall I think it is a good debt calculator but I would make a few changes. For instance when I put in one of my debts I like putting in the exact interest rate especially on student loan debts. Well the app rounds it to an even percentage which isn’t that accurate. I would like the app to use my exact percentage. Also, I would like it to pay off my debt month by month as I go and be able to put in what I actually owe that month and that might be different than what my actual monthly payment is (its student loans so they are very different) and I would also like it to ask how much extra if any that I paid for that month. I think all of these extra features would add more focus and help see when I’m expected to pay off my debts.
Developer Response ,
Thank for your honest review. We are working on an update that will allow you to track your debt free journey. A lot of users have requested this feature.
Not Impressed 😩
While I like the concept of logging my debts and their details, I was expecting much more from this app. I was expecting to list the debt and the details, then see an actual tracker to include me listing the payments made and seeing the balance decrease ... similar to the way I have it set on my excel spreadsheet which is what I will stick to using. We all know that feeling you get from seeing a balance decrease and this app doesn’t do it for me. It’s very basic and not helpful at all. I don’t have a ton of debt but I don’t think this app being provided at its full potential. I’m sure there are some other features that could be applied to make this app #1 but in its current state it’s just not what I need. The purpose of using this app is to stay on top of paying down debt and this app is very boring and doesn’t motivate you, remind you, allow you to set goals (or send any alerts when you’ve reached a goal), have any cool color schemes or anything ... you’d be better off saving your money and using excel. At least it’s free and customizable!
Needs More Options
I love the app, but I would like to able to add the extra payment to a debt specifically instead of the app doing it on its own. And then it can apply it to the following debt on its own once the smaller one is paid. The 3 options for the extra payments are a bit confusing to me. It would be great to see how much you actually paid to that debt including interest in the app, like to be able to click within that specific debt and see it. Overall, great app and best $2 I ever spent on a debt calculator. I’ve been looking for something like this that also calculates my interests.
Developer Response ,
We are working on an update that will enhance the app with more features. Thank you so much for trying it out.
With Family Sharing set up, up to six family members can use this app.