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Debt Payoff Planner Australia
Plan your way out of credit card, BNPL and personal loan debt, with snowball or avalanche order.
List every debt, its interest rate and minimum repayment, then direct any extra to one debt at a time. Free help is available from the National Debt Helpline on 1800 007 007.
Snowball vs avalanche
| Method | Pay extra on | Pros | Cons |
|---|---|---|---|
| Snowball | Smallest balance first | Quick wins keep you motivated | May pay more interest |
| Avalanche | Highest interest rate first | Usually least interest overall | First win can take longer |
General comparison.
Example debt list
| Debt | Example balance | Example rate | Minimum |
|---|---|---|---|
| Credit card | A$3,200 | 20% p.a. | A$96/month |
| BNPL | A$600 | n/a (fees if late) | A$150/fortnight |
| Car loan | A$9,000 | 9% p.a. | A$350/month |
Example figures only, for illustration. Use your own numbers.
With avalanche, extra goes to the credit card. With snowball, extra clears the BNPL first. Either way keep every minimum paid.
Free help
The National Debt Helpline (1800 007 007) is free and confidential. Lenders have hardship processes; ask early. Moneysmart has a free debt calculator.
General information only, not financial or tax advice.
Is snowball or avalanche better?
Avalanche usually costs less interest; snowball gives quicker wins. The best is the one you'll stick with.
Should I keep paying minimums?
Yes, keep all minimums paid and put extra on one debt at a time.
Where can I get free debt help?
National Debt Helpline: 1800 007 007.
Related
Fortnightly Budget Spreadsheet · Slate Money HQ app · Budget Planner Bundle · Free Mini Paycheck Budget
Try it in an app
Debt Payoff Planner (A$25, one-off): See your debt-free date, compare avalanche vs snowball, and log every payment.