Finance Tip of the Day

Debt Payoff Calculator

  • 2018 16 Oct
Debt Payoff Calculator


Debt Payoff Calculator

Do you have a clear idea of your debt payoff dates? Do you know the difference an additional $20, $50 or $100 could make to your debt payoff date or how much interest you could save by making those additional payments?

Here is an easy to use debt payoff calculator. Simply enter how much you owe, your interest rate and the monthly payment you plan on making and voila, you’ll get your payoff date as well as the amount of interest you’ll end up paying. You can use this calculator to adjust your monthly payment amount in order to see how that new amount will impact your payoff date as well as your interest.

Today's tip brought to you by Mvelopes and Money4Life Coaching.