Your Tool To Get Out – And Stay Out – Of Debt
Get on track for a strong financial future. Use this calculator to apply proven techniques - Debt Avalanche and Debt Snowball - to save time and money on your debt repayment journey.
Get on track for a strong financial future. Use this calculator to apply proven techniques - Debt Avalanche and Debt Snowball - to save time and money on your debt repayment journey.
| Name | Interest Rate (APR) % | Balance | Minimum Monthly Payment |
|---|
| Total Minimum Monthly Payment | ||
If you don’t have an amount in mind yet, try even $50 and see how much that helps.
| + Add New |
If you make just the minimum payment each month, then you would pay...
over the course of…
Make minimum payments on all debts with no roll over payments until all are paid.
If you pay off the highest interest rate debts first, then you would pay...
over the course of…
Pay extra on the highest interest rate debt while making minimum payments on all others.
If you pay off smallest balances first, then you would pay…
over the course of…
Pay extra on the smallest balance debt while making minimum payments on all others.
Pay the minimum statement payment due on each, with no roll over payments.
| Debt | This Month’s Payment |
|---|---|
| US Government with Extra Payment | $520.00 |
| Total Payments This Month $920.00 |
Pay off the highest interest rates first in the order shown below:
| Rate | Debt | This Month’s Payment |
|---|---|---|
| 4.90% | US Government with Extra Payment | $520.00 |
| Total Payments This Month $920.00 | ||
Pay off the smallest balances first in the order shown below:
| Balance | Debt | This Month’s Payment |
|---|---|---|
| 4.90% | US Government with Extra Payment | $520.00 |
| Total Payments This Month $920.00 | ||
Get on track for a strong financial future. Use this calculator to apply proven techniques - Debt Avalanche and Debt Snowball - to save time and money on your debt repayment journey.
| Chase Bank Credit Ca… | $100.01 | |
| Total Minimum Monthly Payment | $520.00 | |
If you don't have an amount in mind yet, try even $50 and see how much that helps.
| Date | Amount | |
| Date | Amount | |
| 03/12/22 | $800.00 | |
| + Add New | ||
If you make just the minimum payment each month, then you would pay...
over the course of…
Make minimum payments on all debts with no roll over payments until all are paid.
If you pay off the highest interest rate debt first, then you would pay...
over the course of…
Pay extra on the highest interest rate debt while making minimum payments on all others.
If you pay off smallest balances first, then you would pay…
over the course of…
Pay extra on the smallest balance debt while making minimum payments on all others.
Pay extra on the smallest balance debt while making minimum payments on all others.
REMINDER: Once the first debt is paid off, roll the payment into the next smallest balance debt.
| Balance | Debt | This Month’s Payment |
|---|---|---|
| US Government | $520.00 |
Pay extra on the highest interest rate debt while making minimum payments on all others.
REMINDER: Once the first debt is paid off, roll the payment into the next highest interest debt.
| Rate | Debt | This Month’s Payment |
|---|---|---|
| US Government | $520.00 |
With the Minimum Payments Only method, you pay the minimum statement due on each, until all are paid.
| Debt | This Month’s Payment |
| US Government | $520.00 |
