Savvy Money Wise

Smart Strategies for Modern Wealth

Debt Payoff Planner

Enter your total debt and average interest rate then choose how much you can pay each month. The planner estimates how many months until you are debt free and how much interest you will pay.

Total debt balance Average annual interest rate in percent Current total minimum monthly payment Extra monthly payment you can add Payoff method

Smart tips

Make sure you have a small emergency fund before you accelerate payments. Apply any windfalls directly to balance. Consider negotiating lower rates if possible. Automation reduces missed payments.

Quick example

If you owe twelve thousand at eighteen percent and pay four hundred fifty a month you may be debt free in about three years while paying a few thousand in interest. Use the calculator to see exact numbers for your scenario.

Debt Payoff Planner — Multi Debt (Snowball & Avalanche)

Debt Payoff Planner

Add multiple debts, choose snowball or avalanche, and estimate exact payoff schedule. Export results to CSV.

Currency

Default debt name

Emergency buffer

Method

Extra monthly payment you can add

Cap months (safety)

Chart preview

Quick tips

Start with a small emergency buffer before accelerating payments. Use snowball for motivation and avalanche to minimize interest. Automate payments and apply windfalls to principal.

Example debts

Debt	Balance	APR	Min
Credit Card A	$4,200.00	19.9%	$120
Car Loan	$8,500.00	5.0%	$210
Personal Loan	$2,300.00	11.5%	$80

Notes

This planner simulates month-by-month payoff for multiple debts. It treats each debt as its own account and reallocates freed payments when a debt is completed. It is an estimate and not a substitute for professional financial advice.