💸 Debt Payoff Calculator 📉

How to Use This Tool:

1. Add Your Debts

   • Enter debt name, balance, interest rate, and minimum payment

   • Click “Add Debt” for each liability

   • Remove debts with the × button

2. Choose Strategy

   • Avalanche Method: Saves money by targeting high-interest debts first

   • Snowball Method: Builds momentum by paying smallest balances first

3. Calculate Plan

   • Enter any extra monthly payment you can make

   • Click “Calculate Payoff Plan” to see results

Understanding Results:
✔ Summary Section:

• Total debt amount

• Estimated interest paid

• Time to become debt-free

• Visual progress bar

✔ Payment Schedule:

• Monthly payment breakdown

• First 12 months displayed

• Total payment amounts

Key Features:
• Professional-grade debt calculations
• Visual progress tracking
• Mobile-friendly interface
• Real-time updates
• Detailed payment schedule

Pro Tips:
• Bookmark to track your debt-free journey
• Recalculate when making extra payments
• Compare strategies to find what works best