Debt feels heavy because it’s unclear. This makes it visible.
Common strategies include the snowball and avalanche methods, prioritizing high-interest debt while maintaining minimum payments.
Snowball Method
Pay off smallest balance first. Quick wins build momentum.
Avalanche Method
Pay off highest interest first. Saves the most money.
Consolidation
Combine all debts into one loan with a lower rate.
Your Debt-Free Date
Based on your selected strategy
Nov 2028
Sunday, November 5, 2028
almost 3 years
33 months total
$4,607
vs minimum payments
Great choice! Using the avalanche method, you'll be debt-free 21 months faster than minimum payments only!
Your Debts
Extra Monthly Payment
Total monthly: $1,290
Consolidation Loan
Est. Monthly Payment
$757
Minimum Only
54 mo
$8,566 interest
Snowball
33 mo
$3,959 interest
Save $4,607
Avalanche
33 mo
$3,959 interest
Save $4,607
Consolidation
48 mo
$5,326 interest
Save $3,240
Interest Comparison
Debt Overview
Total Debt
$31,000
Avg Rate
11.7%
Min Payments
$790
# of Debts
4
Consolidation Analysis
Not Recommended
Your weighted average rate (11.7%) is already competitive. Consolidation at 8% would not save much.