When will I be debt-free?

List your debts and what extra you can pay each month. See your debt-free date and the interest you pay with the snowball and the avalanche method, side by side. Your numbers stay on this device.

Extra I can pay each month, on top of the minimums

Keep it on the fridge

The Monthly Budget and Debt Payoff Planner (printable PDF) has a monthly budget, a bill calendar, a debt list, a month-by-month payoff tracker with milestones to tick off, and savings goals.

See the Debt Payoff Planner

Snowball or avalanche?

Both pay every minimum and put all extra money on one debt. When it is paid off, its whole payment rolls to the next one. Snowball goes smallest balance first, so you clear debts sooner and stay motivated. Avalanche goes highest interest rate first, which always costs the same or less interest. If the gap shown above is small, pick the one you will stick with. Interest is worked out monthly at APR / 12. Fees, promo rates and changing rates are not included.