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 We appreciate all your support!

What’s New

Version 1.4

New Feature!
Choose how you snowball by using three different payment methods.
1. Smallest balance
2. Highest Interest
3. Custom (This allows you to order your action plan based on any criteria.)

Ratings and Reviews

4.2 out of 5
31 Ratings

31 Ratings

Keri2019 ,

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.

Laura052894 ,

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.

Gossamer8 ,

No Snowball Options

I wish I had read reviews before purchasing this one. The only payoff method is paying lowest balances first. The dev responded to another review stating that paying highest interest rates first is called “debt avalanche”, but I have *never* heard of that. I’ve always seen both those options considered to be snowballing. The snowball method is that you take the money from a paid off debt and apply it to the next debt - that isn’t confined just to paying lowest balances first method. My bad for not finding out this app only has one payoff plan option and won’t work for me as I want/need to pay off higher interest rate balances first. 2 stars for the inspiration to make my own payoff plan charts like the ones in this app (using a payoff plan from another app that has highest interest rate first option).

Developer Response ,

Thank you for taking your time to review the debt snowball app. We are very sorry to hear of your bad experience. The debt snowball method is a debt reduction strategy, in which you pay off bills in order of smallest to largest, regardless of interest rate. You then roll the amount you used to pay those first debts into paying off your bigger ones — like rolling a snowball down a hill.The debt snowball method forces you to stay intentional about paying one bill at a time until you’re debt-free. We are always looking for ways to improve our app and would love for you to try us again in the near future.


Jesse Flores
12.8 MB

Requires iOS 11.4 or later. Compatible with iPhone, iPad, and iPod touch.



Age Rating


  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

More By This Developer

You May Also Like