Resources / Debt payoff planner

Debt payoff planner

If you’re carrying a few different debts, the order you pay them off in actually matters — it can save you real money in interest. This planner runs the math on two common strategies so you can see the difference.

Debt 1

Name

Balance ($)

Interest rate (%)

Minimum payment ($)

Debt 2

Name

Balance ($)

Interest rate (%)

Minimum payment ($)

Debt 3

Name

Balance ($)

Interest rate (%)

Minimum payment ($)

Extra monthly payment ($)

The amount above your combined minimums you can put toward debt each month.

Your payoff comparison

Snowball method

Smallest balance first

Time to payoff: 50 months
Total interest: $5,126
Total amount paid: $40,726

Avalanche method

Highest interest rate first

Time to payoff: 50 months
Total interest: $5,126
Total amount paid: $40,726

Both methods cost the same in interest.

The snowball method pays off the smallest debt first — the wins come faster, which helps some people stay motivated. The avalanche method targets the highest interest rate first — it usually saves more money. Neither is wrong.

Want help building a payoff plan?

A coach can look at the full picture with you — not just the math, but what actually fits your life. And the promise stands: if your first session isn't worth it, you don't pay.

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