WORKING WEALTH / AUSTRALIA

Debt snowball & avalanche

Compare two repayment orders using the same fixed monthly debt budget.

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Educational scenarios only. All amounts are AUD. These calculations do not assess your circumstances or recommend a product or strategy. Results are estimates, not forecasts or personal financial, credit or tax advice. Inputs stay in your browser and are not saved automatically. The optional Save control stores a scenario on this device; exported files contain your entered amounts. Check official rules and actual provider terms. Prepared by the Working Wealth editorial team, 1 November 2026; independent professional review is pending.

Assumptions and limits

Three debts; enter zero balance for unused rows. Rows with zero opening balance contribute no minimum payment to the budget. Enter any additional cash in the extra-payment field. Interest is charged monthly at annual rate ÷ 12 before payments. Fixed dollar minimums and the full original monthly budget continue after a debt is cleared. Unused minimum payments roll into the selected priority. Ties use row order; snowball orders balances after interest and minimum payments. No fees, new borrowing, promotional-rate expiry, daily interest or changing minimums. Final payments are capped at the amount owed. Unpaid debt after 1,200 months is reported as not repaid.

References and verification

Official references checked for this release on 1 November 2026. Rules and product terms can change.