This account can be accessed across multiple devices, from multiple app stores. The payoff chart will show two payoff scenarios: only paying the minimum amounts, and the repayment schedule when you pay more the the minimum ever month.Īdditionally, there is an option to create an account for saving debt payoff and payment information. Budgeting your income will help you to get a regular monthly amount to pay down the debt faster.
Your ability and willingness to pay more than the minimum payments is how you will become debt free in less time than you imagined. A payoff plan is only useful if you stick with it! We recommend the Debt Snowball strategy because we believe that paying off individual accounts faster will help you stay focused on your financial goal of debt elimination. You tell the app how much you want to budget toward paying off your debt and we'll tell you how. * Debt Snowflake (one-time extra payment toward loans)ĭebt Payoff Planner and Loan Calculator determines the optimum payment plan and how long it will take until you will be debt free. * Dave Ramsey's Debt Snowball (lowest balance first) Enter your additional monthly payment budget to pay down faster That's the only requirement to getting a customized debt repayment schedule.
Required inputs for calculating your debt free date are the current balance of the loan, the annual percentage rate (APR), and the minimum payment amount. Today is the day to make a plan with a loan calculator and beginning paying down debt. The #1 Debt Payoff Planner app is the simplest way to stop feeling overwhelmed and start having a specific, step-by-step plan for paying off your loans.