Debt Payoff Calculator

This calculator compares debt payoff strategies using the snowball and avalanche methods.

1. Enter Debt Information: Enter the name, balance, and interest rate for each debt.
2. Add Extra Payment: Enter the amount you can pay extra each month towards your debts.
3. Calculate: Click the "Calculate" button to compute the payoff schedule for each method.
4. View Result: The total amount paid for each method will be displayed.

Retention Strategies: Always follow up with your lenders before trying to consolidate debt, as this direct communication can be your first step toward financial freedom.

Disclaimer: This calculator provides estimates only and should not substitute professional advice from HR or a financial expert.