Pick how to attack the debts and what you can pay each month.
B
Your debts
Up to 10. Enter what you owe, the rate, and the minimum payment.
#
Creditor
Balance
Rate
Min. payment
Due day
Custom order
Interest / mo
Total
C
Payoff order & results
The order your debts fall in this strategy, and what each one costs.
Creditor (in payoff order)
Starting balance
Interest paid
Months to clear
Cleared by
Total interest paid
D
Compare every strategy
Same debts, same monthly payment — ranked by total interest.
Strategy
Months to debt-free
Total interest
vs. this plan
E
Payment schedule
Month by month. Add a one-time extra in any month to see the effect.
Scroll sideways to see every column →
F
Upcoming payments
Your next payments by real date — line them up against paychecks.
How the math works. Each month, interest accrues on every balance (rate ÷ 12). You pay the minimum on every
debt; whatever is left of your monthly payment becomes the snowball, which is thrown entirely at the target
debt. When a debt clears, its freed-up minimum and the snowball roll onto the next debt in order — the
payments accelerate as you go. Snowball targets the lowest balance first (fast wins); Avalanche targets
the highest rate first (least interest). All figures round to the cent the same way a spreadsheet does, and the
schedule runs for as many months as it takes to clear every debt. Estimates only — your lender's exact terms may differ.
Due days are for scheduling only — they place each month's payment on a real
calendar date in the schedule and the upcoming-payments list, but interest is still computed monthly, so the payoff
date and totals are unchanged whether or not you set them. A debt with no due day is treated as the 1st.
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