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Debt Payoff Planner

Plan paying off several debts. Compare the snowball (smallest balance first) and avalanche (highest rate first) methods and see your debt-free date.

Tip from Tink: Avalanche saves the most interest; snowball gives quicker wins.

Avalanche (highest rate first)

Debt-free in
2y 6m
Total interest
$1,775.06
  1. Store card paid off in month 4
  2. Credit card paid off in month 18
  3. Car loan paid off in month 30

Snowball (smallest balance first)

Debt-free in
2y 6m
Total interest
$1,775.06
  1. Store card paid off in month 4
  2. Credit card paid off in month 18
  3. Car loan paid off in month 30
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How to use the Debt Payoff Planner

  1. List each debt with balance, interest rate and minimum payment.
  2. Enter the extra amount you can pay each month.
  3. Compare months to payoff and total interest for both methods.

Everything runs in your browser. Nothing you enter is uploaded.