Knowing you want to be debt-free is easy. Knowing exactly how much to pay each month to hit a specific date — and staying on track as balances change — is where most plans fall apart. The Debt-Free Planner gives you a month-by-month payment timeline and lets you log actual balances as you go.
Enter your starting balance and target date. We work backwards to a monthly payment number. Each month you record your actual balance; the planner replans forward automatically. Pay more than expected and the date moves closer. A harder month adjusts the plan without drama.
Carrying several balances? The Debt-Free Planner doubles as a debt payoff calculator, comparing the debt snowball method (smallest balance first) with the debt avalanche method (highest APR first) so you can see which order clears your debts fastest.
What you can do
- Month-by-month payment timeline from now to debt-free
- Avalanche or snowball strategy for multiple debts
- Log actual balances and replan automatically
- Per-debt breakdown when carrying multiple loans
- Interest accrual shown for each period
- Save and share your plan
Frequently asked questions
Can I track multiple debts?
Yes — add each debt separately with its own balance and APR. The avalanche and snowball strategies then tell you which to attack first.
What if my balance changes unexpectedly?
Log the new balance on any month. The planner replans the remaining months from there automatically.
Avalanche or snowball?
Avalanche (highest APR first) saves the most interest. Snowball (smallest balance first) gives faster psychological wins. The planner supports both — pick whichever you'll actually stick with.
Ready to plan?
The Debt-Free Planner runs entirely in your browser. Free, no sign-up required to use it.
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How Long Will It Take to Pay Off My Credit Card?
See how long an $8,000 credit card balance takes to pay off at 22% APR with $250, $400, or $600 monthly payments, plus steps to test your own payoff date.
Related calculators
Other tools that pair well with the Debt-Free Planner. They cross suites because life does.