Free debt calculators and plain-English lessons that show you how to pay off debt faster: list what you owe, pick the snowball or the avalanche, and see your debt-free date. No sign-up, and nothing leaves your browser.
Free debt payoff calculators
New to getting out of debt? Start here
How do you get out of debt, and where do I start?
Write down every debt with its balance, interest rate and minimum payment. Keep paying every minimum, then put every extra dollar on one debt at a time. The debt reduction calculator shows what an extra payment saves on a single debt.
What is a debt payoff calculator?
A tool that takes your balances, rates and payments and shows the month you will be debt free and the interest you pay on the way. Change the extra payment and the date moves right away. The debt snowball calculator and the debt avalanche calculator handle several debts at once.
How do I pay off credit card debt?
Stop adding new charges, pay more than the minimum, and start with the card that has the highest rate or the smallest balance. Paying only the minimum can stretch a balance out for years. The credit card payoff calculator shows how long yours will take.
How do I pay off debt when I have several cards and loans?
Use a calculator to pay off debt in order. The debt snowball calculator pays the smallest balance first, the debt avalanche calculator the highest interest rate first. Both roll each paid-off payment into the next debt and show your debt-free date.
How long will it take to get out of debt?
It depends on what you owe, your interest rates and how much extra you can pay each month. Put your own numbers into a calculator to get a real date instead of a guess. Any extra payment shortens the payoff and cuts the interest you pay.
Educational content, not financial advice.
About Hack Your Finances
Hack Your Finances is about how to pay down debt with a plan you can check. Brian shows the math in videos and guides, and every calculator to pay off debt here uses your own balances, rates and payments, so the debt-free date you see is yours, not an average.
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Getting out of debt: quick answers
What is the fastest way to get out of debt?
List every debt with its balance and interest rate, choose a payoff order, and put every spare dollar toward one debt at a time while paying the minimum on the rest. The debt avalanche (highest interest first) saves the most interest; the debt snowball (smallest balance first) builds momentum. Run both calculators to see your own debt-free date.
Debt snowball vs debt avalanche: which is better?
The avalanche usually costs less in interest because it attacks the highest rate first. The snowball pays off small balances sooner, which keeps many people motivated. The best method is the one you will stick with; compare them with your real numbers in the snowball and avalanche calculators.
Are these debt payoff calculators free?
Yes. Every calculator on Hack Your Finances is free, runs in your browser and needs no sign-up.