🎯 Debt Payoff Calculator
Calculate optimal debt payoff strategies using snowball and avalanche methods for multiple debts
💳 Debt Payoff Calculator
Calculate debt payoff strategies and compare different payment approaches
💡 Debt Payoff Tips
- • Pay more than the minimum to reduce total interest
- • Focus on highest interest rate debts first (avalanche method)
- • Consider debt consolidation for multiple high-interest debts
- • Stop using credit cards while paying off debt
- • Create a budget to find extra money for debt payments
- • Consider balance transfers to lower interest rate cards
How to Use
1. Enter all your debts with balances and rates
2. Set your total monthly payment budget
3. Compare snowball vs avalanche methods
4. View payoff timeline and interest savings
5. Track progress with payment schedules
6. Optimize your debt elimination strategy
Features
✓ Snowball method calculations
✓ Avalanche method optimization
✓ Multiple debt tracking
✓ Interest savings comparison
✓ Payment allocation optimization
✓ Debt-free timeline projection