Debt Payoff Calculator

Create a personalized debt payoff plan using the avalanche or snowball method

Total Debt
$8,000
Payoff Time
25 months

2 years 1 months

Total Interest
$1,414
Monthly Payment
$440

$240 minimum + $200 extra

Payoff Strategy
Choose your debt payoff method

Debt Avalanche Method

Pay off debts with the highest interest rates first. This method saves the most money on interest.

Additional amount beyond minimum payments

Debt Distribution
Visual breakdown of your debts
Your Debts
Add and manage all your debts

Debt 1

Debt 2

Payoff Timeline
See how your debt decreases over time
Tips for Debt Payoff Success
  • 1

    Stop adding new debt: Avoid using credit cards while paying off existing debt

  • 2

    Create a budget: Track your spending and find areas where you can save money

  • 3

    Build an emergency fund: Having savings prevents you from relying on credit cards for unexpected expenses

  • 4

    Increase your income: Consider side gigs or asking for a raise to accelerate debt payoff

  • 5

    Stay motivated: Celebrate milestones and track your progress regularly