Knowing the date turns a vague goal into a deadline, and shows exactly what an extra payment is worth.
Get your date in Spendry
- Add all your debts: cards, loans, installments, overdraft and money you owe friends.
- Enter each balance, rate and monthly payment.
- Spendry works out the month you will be debt-free and updates it every time you pay or add something new.
Try it now
The free debt payoff calculator on this site works the same way: add your debts and an extra monthly amount, and see your date with both the snowball and the avalanche methods.
Tip
Look at the date after each payday. Seeing it move closer is the best motivation there is.
Debt payoff calculator
Free debt payoff calculator: compare the snowball and avalanche methods and see the month you'll be debt-free and the interest you'll pay. No sign-up.
Questions
Why does my debt-free date change?
It moves closer when you pay extra and further away when you add new debt or pay less. Spendry recalculates it each time.
Can I include money I owe a friend?
Yes. Add it as a personal debt without interest.
