Debt Snowball
Pay the minimum on everything, then put every spare amount on the smallest balance. When it is gone, roll its payment into the next one.
Total debt in plan
$8,434.80
Monthly budget
$520.00
$370 minimums + $150 extra
Debt-free by
March 2028
18 months
Interest paid
$474.30
estimated
Extra each month
On top of every minimum payment. This is not your whole debt budget — that is the minimums plus this amount.
$150.00
Focus first
Smallest balance first — quick wins keep you going. This is not always the lowest-interest order.
Furniture plan — $380.00 left · gone by November 2026
- 1Furniture planNovember 2026
- 2Rewards credit cardFebruary 2027
- 3Car loanMarch 2028
Your progress
Since 6 August 2026 (62 days). Recorded balances, not the plan.
Owed at the start
$9,347.80
Owed now
$8,434.80
Down by
$913.00
10% of the starting total cleared
Projected debt-free
March 2028
if you follow the plan
- Rewards credit card$754.80 → $634.80(−$120.00)
- Furniture plan$623.00 → $380.00(−$243.00)
- Car loan$7,970.00 → $7,420.00(−$550.00)
“Owed now” is today's recorded balance for each debt. A lower balance means you owe less; Leaf does not know whether that came from payments, interest, a correction or new spending. The debt-free date is a projection from the Snowball plan.
How your debt comes down
Total owed at the end of each month if you follow the plan.
What if you paid a bit more?
The same debts with a different extra monthly payment.
| Extra per month | Debt-free | Months | Interest | Saved vs minimums |
|---|---|---|---|---|
| $0.00 | October 2028 | 25 | $716.88 | $0.00 |
| $150.00 | March 2028 | 18 | $474.30 | $242.58 |
| $175.00 | February 2028 | 17 | $450.81 | $266.07 |
| $200.00 | January 2028 | 16 | $429.90 | $286.98 |
| $250.00 | December 2027 | 15 | $394.08 | $322.80 |
Monthly payment schedule
| Month | Furniture plan | Rewards credit card | Car loan | Still owed |
|---|---|---|---|---|
| October 2026 | $200.00 | $25.00 | $295.00 | $7,969.10 |
| November 2026 | $180.00 | $45.00 | $295.00 | $7,501.70 |
| December 2026 | paid off | $225.00 | $295.00 | $7,032.22 |
| January 2027 | paid off | $225.00 | $295.00 | $6,557.36 |
| February 2027 | paid off | $158.29 | $361.71 | $6,077.02 |
| March 2027 | paid off | paid off | $520.00 | $5,591.96 |
| April 2027 | paid off | paid off | $520.00 | $5,104.11 |
| May 2027 | paid off | paid off | $520.00 | $4,613.46 |
| June 2027 | paid off | paid off | $520.00 | $4,119.99 |
| July 2027 | paid off | paid off | $520.00 | $3,623.68 |
| August 2027 | paid off | paid off | $520.00 | $3,124.52 |
| September 2027 | paid off | paid off | $520.00 | $2,622.49 |
| October 2027 | paid off | paid off | $520.00 | $2,117.57 |
| November 2027 | paid off | paid off | $520.00 | $1,609.75 |
| December 2027 | paid off | paid off | $520.00 | $1,099.01 |
| January 2028 | paid off | paid off | $520.00 | $585.33 |
| February 2028 | paid off | paid off | $520.00 | $68.70 |
| March 2028 | paid off | paid off | $69.10 | $0.00 |
Your debts
Rewards credit card
21.99% APR · min $25.00 · due on the 15th · balance from Rewards credit card
$634.80Furniture planFocus
0% APR · min $50.00 · due on the 1st
$380.00Car loan
6.9% APR · min $295.00 · due on the 6th · balance from Car loan · payment is in Bills
$7,420.00
How this is calculated
- One payment is made on each debt every month, at the end of the month.
- Interest for the month is added first: the yearly rate divided by 12, applied to the balance at the start of the month and rounded half up to the nearest cent or penny.
- There are no fees, minimum payments never change, and interest is not compounded within a month.
- The monthly budget is every minimum payment plus the extra amount, and it stays the same for the whole plan. When a debt is paid off, its minimum rolls into the next debt.
- Debts are paid off smallest starting balance first, whatever their interest rate.
- Mortgages and debts marked as not in the plan are left out.
- Your lender's figures will differ: real due dates, daily interest and fees are not modelled.
- This is a simulation. It never changes your real balances or records payments; use Bills or Spending for that.