MAURITIUSThe debt snowball is a repayment method that tackles your smallest balance first, regardless of its interest rate. As each debt is cleared, you move its payment to the next debt, growing the amount you can put toward it like a snowball.
Unused subscriptions may free up money for debt repayment. Review gym memberships, streaming and app-store renewals before adding extra repayments to your plan. Count savings only once cancellation takes effect; protect essential spending and every minimum debt payment.
Clearing a smaller debt sooner gives you a visible milestone. Fewer balances can make your plan easier to manage, and those quick wins may help you keep making payments consistently.
This can suit people with several debts who feel overwhelmed, value regular milestones, or have struggled to stay motivated with a long repayment plan. It is especially worth comparing when interest rates are similar.
Suppose you owe Rs 10,000 at 8% a year and Rs 40,000 at 18% a year, and can afford Rs 1,000 extra each month. Pay both minimums, then put the extra Rs 1,000 toward the Rs 10,000 debt. Once it is cleared, send its former monthly payment and the extra Rs 1,000 to the Rs 40,000 debt.
The smallest debt is not always the most expensive. Leaving a higher-rate balance outstanding can mean paying more interest than with the avalanche method. Compare the potential extra cost with the motivational benefit you expect.
Snowball and avalanche can produce the same result when they target debts in the same order, or when you have only one debt. In the calculator, both use your extra monthly amount and roll cleared payments forward; the current-payments baseline does neither.
Keep paying every required minimum and leave room for essential expenses and a small emergency buffer. Check your lender’s early-payment rules and fees. If you cannot cover the minimums, contact your lender about support before adding extra payments.