Smart Debt Payoff Planner
Enter all your debts. Compare avalanche vs snowball strategies side by side. See exactly when you'll be debt-free and how much interest you'll save.
Your debts
≈ 84 mo (7.0 yr) left paying $100/mo on this debt alone
≈ 71 mo (5.9 yr) left paying $200/mo on this debt alone
≈ 40 mo (3.3 yr) left paying $250/mo on this debt alone
Debt-free goal
Hit a target date
You're already on track to be debt-free by Apr 2031 (57 mo) on your current payments - no extra needed. Want it sooner? Lower the target below 5 years.
Total debt
$25,000
Debt-free by
Sep 2029
38 months from today
Next dollar - attack this debt first
Credit Card
Send your $200/mo extra at Credit Card (19.99% APR, $4,500 balance) on top of its $100 minimum. Once it's gone, roll the freed-up cash into the next target - the snowball / avalanche rolls forward from here.
Smart insights
Based on your debt mix
Credit card interest is eating you alive
Credit Card is at 19.99% - that's about 75/month in interest alone. Treat this as your top priority and stop new charges on it.
Canada Student Loans are interest-free
The federal portion of Canada Student Loans has been permanently interest-free since April 2023. Pay the minimum and redirect any extra cash to your highest-rate debt instead. (Provincial portions vary - Quebec, NS, PEI still charge interest.)
Winning strategy
It's a tie
Months saved
19
vs minimum-only
Interest saved
$2,815
vs minimum-only
Baseline payoff
57mo
if you only pay minimums
It's a tie - either approach gets you debt-free at the same time. Pick whichever feels more motivating.
Balance projection
Three paths to zero
Payoff timeline (avalanche)
How each debt clears
avalanche
Months to freedom
38
Total interest paid
$3,207
Payoff order
- #1Credit Cardm18
- #2Car Loanm27
- #3Student Loanm38
snowball
Months to freedom
38
Total interest paid
$3,207
Payoff order
- #1Credit Cardm18
- #2Car Loanm27
- #3Student Loanm38