Create a personalized debt payoff plan with our free online calculator. Use either the debt snowball or avalanche method to pay off debt fast, visualize your progress, and calculate optimal credit card payment plans to become debt-free sooner.
The snowball method pays off smallest debts first for psychological wins, while the avalanche method targets highest-interest debts first to save money on interest. Both are effective strategies to pay off debt fast.
Our calculator helps create an optimized credit card payment plan by either focusing on highest-interest cards first or smallest balances first, while maintaining minimum payments on other cards.
A specialized tool that organizes your debts from smallest to largest balance, calculating how quickly you can pay them off by focusing extra payments on one debt at a time while making minimum payments on others.
Yes, you can enter all your credit cards, personal loans, and other debts to create a comprehensive payment plan that coordinates payments across all accounts.
Estimates are based on your entered balances, interest rates, and payment amounts. The calculator accounts for compounding interest and applies payments according to your chosen method.
Yes, simply adjust your monthly payment amount to see how increasing payments can help you pay off debt fast and save on total interest paid.
This tool works for all types of debt including credit cards, student loans, personal loans, auto loans, and medical debt.
No, all calculations are done in your browser and no personal financial information is stored on our servers.
Yes, you can print your complete payoff schedule or save it as a PDF for reference.
We recommend updating your balances monthly to keep your payment plan accurate as you make progress.
The tool helps you explore options like adjusting payment amounts, finding areas to cut expenses, or considering debt consolidation to make repayment manageable.
For variable rate debts, you can manually update rates in the calculator as they change to maintain an accurate payoff plan.